Biden Administration Holds Key to Apple's Sales Ban as Apple Watch Models Violate Patents

Benzinga

US regulators denied Apple's attempt to delay a sales ban on its Apple Watch Series 9 and Ultra 2 models after regulators previously found that these watches violated patents. Online sales of the Series 9 and Ultra 2 watches in the US must stop by December 21, and retail stores must stop sales by December 24. The only way for Apple to avoid the sales ban before December 25 is if the Biden administration uses its authority to veto the regulators' ruling.

Transcript

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.

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