Appeal court reinstates Apple Watch ban

  • AAPL.us
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Apple has been banned from selling current versions of its Apple Watch in the US as a federal appeals court decides on the patent dispute regarding a sensor. This suggests that the company may pull the watches from stores for the second time in less than a month.

Medical technology company Masimo asserts that the watch's blood oxygen sensor infringes on its patents. In October the US International Trade Commission found that the Apple Watch Series 2 and Apple Watch Ultra 2 infringed on the patents and banned their import.

The ruling by the US court of Appeals in Washington comes just three weeks after it blocked the ban. The ITC decision will not apply to watches that have been redesigned to not include the blood oxygen monitoring element.


Source: www.tradingview.com

Apple (AAPL.us) has pulled back in recent weeks after reacting off key resistance at the $200 level. Since then, the stock has fallen from its bullish zone, between the upper blue and red bands, to its neutral area, between the blue bands. Its RSI has also dropped below 50 (green rectangle), into the bearish momentum region. If it maintains on this side, the stock price will remain under pressure.

Image by ErikaWittlieb from Pixabay

Russell Shor

Senior Market Specialist

Russell Shor joined FXCM in October 2017 as a Senior Market Specialist. He is a certified FMVA® and has an Honours Degree in Economics from the University of South Africa. Russell is a full member of the Society of Technical Analysts in the United Kingdom. With over 20 years of financial markets experience, his analysis is of a high standard and quality.

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