Apple

Masimo CEO Steps Down After Hedge Fund Power Struggle, But What Does This Mean for Apple?

Masimo CEO Joe Kiani has resigned after losing a fight with a hedge fund, but his departure may impact the company's ongoing patent dispute with Apple over the Apple Watch blood oxygen sensor.
By Blip Tech 1 min read

Masimo CEO Joe Kiani has resigned after being removed from the company's board by shareholders following a proxy battle with hedge fund Politan Capital Management. Kiani had previously clashed with Apple over a patent dispute related to the Apple Watch blood oxygen sensor. The Apple Watch Series 9 and newer have the sensor deactivated due to the dispute. With Kiani's removal, there is potential for a settlement between Masimo and Apple. However, it is unclear whether Apple will take a different approach now that Kiani is gone. Kiani had previously stated he would accept a settlement if Apple made a call.

#Apple #Apple Watch #Masimo #Joe Kiani

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