Current:Home > ContactEthermac Exchange-Apple Watch ban is put on hold by appeals court -Summit Capital Strategies
Ethermac Exchange-Apple Watch ban is put on hold by appeals court
TrendPulse Quantitative Think Tank Center View
Date:2025-04-09 17:08:58
Apple won a temporary reprieve in the legal battle over its Apple Watch product,Ethermac Exchange with an appeals court on Wednesday ordering a pause on a ban of the product that went into effect on Tuesday.
The court gave the U.S. International Trade Commission (ITC) until January 10 to respond to Apple's request for a longer stay while the issue moves through the courts, according to the ruling.
The Apple Watch ban would have paused sales on the Apple Watch Series 9 and Apple Watch Ultra 2, which include a blood oxygen monitor that is at the center of a patent dispute. The ITC had banned the import of the watches because it ruled that the tech giant had illegally used blood oxygen technology from Masimo, a medical tech company.
In a statement provided to CBS News, Apple said it was "thrilled to return the full Apple Watch lineup to customers in time for the new year."
It said both models, "including the blood oxygen feature," would be available for purchase in Apple stores in the U.S. beginning Wednesday, and on the company's website starting at noon Pacific time on Thursday.
The company also noted that along with the federal appeals process, it was pursuing various legal and technical options, including submitting proposed redesigns of the Series 9 and Ultra 2 to U.S. Customs and Border Protection for approval.
Masimo did not immediately responded to requests for comment.
The Biden administration let the ITC decision stand on Tuesday, effectively blocking the sale of the watches in the U.S.
On Tuesday, Apple filed an emergency motion seeking court permission to begin selling two of its most popular watches again until a final decision on its broader appeal in a bitter patent dispute is decided.
Apple had cut off sales right before the Christmas holiday. In a motion filed Tuesday, the Cupertino, California-based company said it would suffer "irreparable harm" if previous court orders remained for the two weeks it said the U.S. International Trade Commission will take to respond to its appeal.
The disruption will likely cost Apple about $300-$400 million in holiday-season sales, estimated Wedbush Securities analyst Dan Ives. That's a relative drop in the bucket for Apple, given that industry analysts are expecting the company to generate nearly $120 billion in sales this quarter, which includes the holiday shopping season.
With reporting by the Associated Press.
- In:
- Apple
Aimee Picchi is the associate managing editor for CBS MoneyWatch, where she covers business and personal finance. She previously worked at Bloomberg News and has written for national news outlets including USA Today and Consumer Reports.
TwitterveryGood! (5428)
Related
- Appeals court scraps Nasdaq boardroom diversity rules in latest DEI setback
- Now that Biden is out, what's next for Democrats? Here's a timeline of key dates
- AmeriCorps CEO gets a look at a volunteer-heavy project to rebuild Louisiana’s vulnerable coast.
- Mistrial declared in case of Indiana man accused of fatally shooting five, including pregnant woman
- Trump invites nearly all federal workers to quit now, get paid through September
- Cause of crash that killed NY couple at Niagara Falls border crossing still a mystery 8 months later
- Watchdog finds no improper influence in sentencing recommendation for Trump ally Roger Stone
- Kate Spade Outlet Just Marked an Extra 20% Off 400+ Styles: $79 Backpack, $39 Wallet & More Up to 75% Off
- 'Most Whopper
- Pregnant Hailey Bieber Confirms Husband Justin Bieber Gifted Her Stunning New Ring
Ranking
- McConnell absent from Senate on Thursday as he recovers from fall in Capitol
- Appeals judges rule against fund used to provide phone services for rural and low-income people
- See Timothée Chalamet sing as Bob Dylan in 'A Complete Unknown' trailer
- Prince William's Royally Shocking 2023 Salary Revealed
- Who's hosting 'Saturday Night Live' tonight? Musical guest, how to watch Dec. 14 episode
- Dead couple washes ashore in life raft, prompting Canada police investigation
- Def Leppard, Journey and Steve Miller romp through five hours of rock sing-alongs
- Lauren Alaina cancels 3 shows following dad's death: 'I really have no words'
Recommendation
North Carolina justices rule for restaurants in COVID
Trump rally gunman fired 8 shots in under 6 seconds before he was killed, analysis shows
Demi Lovato and Fiancé Jutes Introduce Cute New Family Member
How the brat summer TikTok trend kickstarted Kamala Harris campaign memes
Sonya Massey's father decries possible release of former deputy charged with her death
White House agrees to board to mediate labor dispute between New Jersey Transit and its engineers
The Spookiest Halloween Decorations of 2024 That’re Affordable, Cute, & To Die For
Now that Biden is out, what's next for Democrats? Here's a timeline of key dates