Apple Inc. (AAPL) shares slid on Monday after the 🌸company reportedly said it was halting sales of its its most-recently launched watches over a patent infringement ruling.

The Apple Watch Series 9 and Apple Watch Ultra 2 will no longer be available in the U.S. starting later this week, according to a 9to5 Mac report. The move follows an October ruling by the U.S. International Trade Commission (ITC) after a patent dispute with California-based tech firm Masimo Corp.

The initial complaint from 2021 centers on blood oxygen sensor technology first used in the Series 6 watch. Masimo said that Apple, “began hiring Masimo employees, starting with Masimo’s Chief Medical Officer. In the Fall of 2020, Apple introduced the Series 6, manufactured in Asia.”

Apple has said it will appeal the ruling when the U.S. presidential review period ends on Dec. 25 and accused Masimo of holding back a potentially lifesaving product from American consumers. Apple can appeal through the U.S. Court of Appeals for the Federal Circuit, but there is also a chance that the Biden administration could veto the ITC ruling before that. The two patents held by M💝asimo will not expire until August 2⛎028.

The watch ban is a blow to Apple, whose 澳洲幸运5官方开奖结果体彩网:wearables, home and accessories business delivered $9.32 billion in net sales during the latest quarter ended in September, or almost 10% of total sales.

Apple shares were down 1% at $195.64 at around 1:00 p.m. ET Monday, after sliding🤪 as low as $194.39 earlier in the session. The stock is up about 56% for the year.