From Nasdaq:

Apple has been given a temporary reprieve from a U.S. appeals court, allowing the tech giant to resume sales of its flagship smartwatches following an import ban imposed by the U.S. International Trade Commission in a patent dispute with Masimo. The court’s decision could have significant financial implications for both companies.

Apple faces stiff competition in the Smartwatch market. The legal battle with Masimo carries potential financial and reputational consequences. Apple’s shares have only gone up 48.7% year to date compared with the Zacks Computer & Technology sector’s rally of 53.1%. Meanwhile, Alphabet and Garmin are pushing to strengthen their smartwatch offerings, posing a challenge to Apple.



Read more: Apple (AAPL) Halts Smartwatch Sales Ban Amid Patent Dispute