Apple faces a potential import ban on certain models of its smartwatch.
Apple shares are 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.
It’s not a huge blow to Apple. Sales of Wearables, Homes and Accessories products—the category that includes the Apple Watch—came to $8.28 billion in the company’s latest quarter, out of the company’s total net sales of $81.80 billion. However, it’s 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.
Apple said it would appeal the decision and it wouldn’t have an immediate impact on smartwatch sales, according to The Wall Street Journal. Apple didn’t immediately respond to a request for comment from Barron’s.
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