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CEO of Masimo announces that they spent $100 million to ban sales of Apple Watch

  • January 1, 2024
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Apple and health tech company Masimo had a confrontation over the health sensors used in Apple Watch. Sales of Apple Watch stood still for a while. In an

Apple and health tech company Masimo had a confrontation over the health sensors used in Apple Watch. Sales of Apple Watch stood still for a while. In an interview with The Wall Street Journal, Masimo CEO Joe Kiani spoke about the legal proceedings.

Joe Kiani, “No one is against them. If I can change that, it can change Apple for the better.” say. CEO of Masimo, in January 2020 for the process that has begun $100 million He said they spent it. The company’s profit in 2022 It was $144 million. While Kiani said his friends and Masimo associates warned him of the risks of the situation before starting the lawsuit. “People told me I was crazy and that I couldn’t take on Apple, that (Apple) had endless resources.” he said.

“It could change Apple for the better”

on the other hand Masimo A company that has won similar cases before. In 2006, after seven years, the company won its lawsuit against Nellcor, then one of the leaders in the pulse oximeter market. $800 million He had won compensation. In a similar case at Royal Philips in 2016 for $300 million They had reached an agreement.

Masimo wants a deal

Kiani, Apple hasn’t done that yet ‘There is no serious discussion about the agreement’ told. in the past too They are willing to agree said CEO of Masimo “But it takes two to tango.say ” Apple’s approach also revealed.

Kiani’s words “I feel like I have to do this. I want to build the most powerful company in the world.” If I can save you from bad behaviorThis will have more impact on the world than anything else I’ve ever done.” He ended as follows.

Source: Web Tekno

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