The illegal fight between Apple and Masimo caused the sales of Apple Watch watches to stop. Masimo CEO announced that they spent more than 100 million dollars in this process.
Apple and health technologies company Masimo had a confrontation due to the health sensors used in Apple Watch. Sales of Apple Watch stopped for a while. In an interview with The Wall Street Journal, Masimo CEO Joe Kiani talked about the legal process.
Joe Kiani, “Nobody’s standing against them. If I can change that, it could change Apple for the better.” says. Masimo CEO, in January 2020 for the litigation process that started $100 million He said they spent it. Company’s profit in 2022 It was 144 million dollars. While Kiani said that his friends and Masimo employees warned him about the risks of the situation before starting the lawsuit process. “I had people tell me I was crazy and 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. The company won the lawsuit it filed against Nellcor, one of the leaders in the pulse oximeter market at the time, in 2006, after seven years. 800 million dollars He had won compensation. In a similar case with Royal Philips in 2016 for 300 million dollars They had reached an agreement.
Masimo wants a deal
Kiani, Apple has not yet “there is no serious discussion for the agreement” told. before too They are ready to agree stated Masimo CEO “But it takes two to tango.saying ” 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 continuing to behave badlythis will have more impact on the world than anything else I’ve ever done.” He finished as follows.