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Apple stock slips as company halts Apple Watch sales

Shares of Apple (AAPL) fell nearly 1% Monday after the company said it will halt sales of its Apple Watch Series 9 and Apple Watch Ultra 2 in the coming days. Apple will remove the watches from its online stores by the afternoon of Dec. 21 and from physical stores by Dec. 24.

The decision to pull the watches comes after the International Trade Commission (ITC) granted medical device maker Masimo (MASI) cease-and-desist and limited exclusion orders preventing Apple from importing and selling the Series 9 and Ultra 2 in the US in October.

That kicked off a review period during which the Biden administration could veto the orders. The review period ends Dec. 25. Apple is pulling its watches ahead of time to ensure it is in compliance if the White House doesn’t come to the company’s aid.

“Apple strongly disagrees with the order and is pursuing a range of legal and technical options to…

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