00:00 It's Benzinga and here's what's on the block.
00:02 US regulators denied Apple's attempt to delay a sales ban on its Apple Watch Series 9 and
00:07 Ultra 2 models after regulators previously found that these watches violate their patents.
00:11 Online sales of the Series 9 and Ultra 2 watches in the US must stop by December 21st,
00:16 and retail stores must stop sales by December 24th.
00:19 The only way for Apple to now avoid the sales ban before December 25th
00:22 is if the Biden administration uses its authority to veto the regulator's ruling.
00:26 The sales ban is estimated to result in $300-400 million in lost holiday sales for Apple.
00:31 However, this only represents a small portion of the $120 billion in revenue Apple expects
00:36 to generate globally between October and December. For all things money, visit Benzinga.com.
Comments