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Motley Fool Money
Apple Watch’s Clock is Ticking
Dec 20, 2023
Tim Beyers, a Motley Fool analyst, discusses the halt in sales for Apple Watch due to a patent dispute, emphasizing the urgency for buyers ahead of the holidays. He also touches on Comcast's data breach affecting millions and FedEx's mixed earnings report amid market challenges. Kristy Akullian from BlackRock shares insights about investment strategies for 2024, stressing the importance of long-term planning and cautions against holding too much cash in uncertain times. Exciting insights on consumer confidence and potential global opportunities are explored!
27:01
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Quick takeaways
- Apple Watch sales will be halted in the U.S. due to patent disputes, potentially impacting health-related innovations but not sales significantly.
- Comcast's data breach emphasizes the need for strong data management and network security procedures to protect customer information, influencing future security policies.
Deep dives
Apple Watch Series 9 and Ultra 2 Sales to be Paused Due to Patent Violation
According to Fortune, Apple will halt sales of the Apple Watch Series 9 and Ultra 2 models at its online store starting on December 21st and at physical retail locations from Christmas Eve. This decision is reportedly due to a ruling by the International Trade Commission in October, which stated that Apple has violated patents from Massimo, specifically related to a blood oxygen sensor included in these watches. While this setback may impact Apple's health-related innovations, it is unlikely to have a significant material impact on sales, considering the generous timing of the ban.
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