{"id":77460,"date":"2023-10-27T10:07:27","date_gmt":"2023-10-27T14:07:27","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/apple-stock-is-stumbling-on-iphone-gloom-now-it-faces-another-device-headache\/"},"modified":"2023-10-27T10:07:31","modified_gmt":"2023-10-27T14:07:31","slug":"apple-stock-is-stumbling-on-iphone-gloom-now-it-faces-another-device-headache","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=77460","title":{"rendered":"Apple Stock Is Stumbling on iPhone Gloom. Now It Faces Another Device Headache."},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"WP-BAR-0000783093\">\n<div data-layout=\"wrap\n              \" data-layout-mobile=\"\" class=\"\n        media-object\n        type-InsetMediaIllustration\n          wrap\n  article__inset\n        article__inset--type-InsetMediaIllustration\n          article__inset--wrap\n    article__inset--lead\n  \"><\/p>\n<p>        <!-- eventually when we know what this card will be we can change it and leave this one --><\/p>\n<figure class=\"\n        media-object-image\n        enlarge-image\n        img-wrap\n        article__inset__image\n      \" itemscope=\"\" itemtype=\"http:\/\/schema.org\/ImageObject\"><\/p>\n<\/figure><\/div>\n<p>\n        Apple<br \/>\n       stock is having a rough couple of months with doubts around demand for its new iPhone. The mood is unlikely to be lightened by news it faces a potential import ban on certain models of its Apple Watch.\u00a0<\/p>\n<p>The U.S. International Trade Commission on Thursday found Apple (ticker: AAPL) had violated patents held by medical-technology company<br \/>\n        Masimo<br \/>\n       (MASI) over measuring blood-oxygen levels and issued a limited exclusion order on certain Apple Watches, banning their import to the U.S.\u00a0<\/p>\n<div class=\"paywall\">\n<p>It\u2019s not a huge blow to Apple. Sales of Wearables, Homes, and Accessories products\u2014the category that includes the Apple Watch\u2014came to $8.28 billion in the company\u2019s latest quarter, out of the company\u2019s total net sales of $81.80 billion. However, it\u2019s a headache the company could do without as it looks to fight back against criticisms that its latest iPhone model showed a lack off innovation.  \u00a0<\/p>\n<p>Apple now has a few options. The company could make changes to its smartwatches, it could reach a settlement, or it could hope to successfully appeal the decision. The Biden administration also has the option to overrule the commission\u2019s decision within 60 days.\u00a0\u00a0<\/p>\n<p>Apple said it would appeal the decision and it wouldn\u2019t have an immediate impact on smartwatch sales, according to\u00a0<em>The Wall Street Journal<\/em>. Apple didn\u2019t immediately respond to a request for comment from <em>Barron\u2019s<\/em>.\u00a0<\/p>\n<p>Masimo shares rose 10% in premarket trading on Friday. Apple was up 0.2% at $167.20, having fallen 15% over the last three months through Thursday\u2019s close.\u00a0\u00a0<\/p>\n<p>The bigger point of attention in Apple\u2019s September-quarter earnings report next Thursday will be iPhone sales. Analysts at J.P. Morgan recently cited signs of weaker demand for the iPhone 15 than its predecessor at the same time last year. <\/p>\n<p>Apple is expected to report quarterly sales of $84.67 billion, down from $90.60 billion for the same period the previous year, according to a FactSet consensus. Sales of iPhones are expected to fall to $41.53 billion from $42.84 billion. <\/p>\n<p>Write to Adam Clark at adam.clark@barrons.com<\/p>\n<\/p><\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/articles\/apple-stock-watch-patent-iphone-4d738a1e?mod=markets\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Apple stock is having a rough couple of months with doubts around demand for its new iPhone. The mood is unlikely to be lightened by news it faces a potential import ban on certain models of its Apple Watch.\u00a0 The U.S. International Trade Commission on Thursday found Apple (ticker: AAPL) had violated patents held by [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":77461,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-77460","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-markets","tag-featured","post_format-post-format-gallery"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Apple Stock Is Stumbling on iPhone Gloom. Now It Faces Another Device Headache. | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Apple stock is having a rough couple of months with doubts around demand for its new iPhone. 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