The latest news, headlines, and business stories for December 20
Dec 20, 2023 - businessinsider.com
Apple is facing a potential ban on its Apple Watch Series 9 lineup and the Apple Watch Ultra 2 due to a patent violation related to blood oxygen tracking. The International Trade Commission's ruling could see the products pulled from Apple's online store and physical locations. Apple engineers are reportedly working on a workaround to avoid infringing on the patent, but health-tech company Masimo argues that a physical hardware change is necessary. There is also the possibility of a White House intervention, but this would involve President Joe Biden favoring one American company over another.
In addition to the Apple Watch ban, Apple is also facing challenges with its newest product, the Vision Pro, and in its most important international market, China. Despite these issues, Apple is on track to finish the year as the world's most valuable company for the fifth year running. However, the rise of local iPhone rival Huawei and increased US-China tensions have put Apple in a difficult position.
Key takeaways:
Apple is facing a potential ban on its Apple Watch Series 9 lineup and the Apple Watch Ultra 2 due to a patent violation related to blood oxygen tracking.
Despite a $3 trillion market cap, Apple is facing challenges with its new product, the Vision Pro, and difficulties in the Chinese market.
The Federal Reserve could face a liquidity issue in 2024 due to its efforts to fight inflation.
Elon Musk is planning to launch a new private K-12 school in Texas as early as this summer.
