Apple Restores Blood Oxygen Feature on Some U.S. Watches After Regulatory Approval

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Apple (AAPL.O) announced on Thursday that it will reintroduce a blood oxygen measurement feature to certain Apple Watch models in the United States via a software update. The update applies to Apple Watch Series 9, Series 10, and Apple Watch Ultra 2 after approval from U.S. authorities. Users will be able to monitor blood oxygen levels on a paired iPhone.

The move resolves a long-running legal dispute with Masimo (MASI.O), which accused Apple of misappropriating its pulse oximetry technology and hiring its employees. In 2023, Masimo won a U.S. International Trade Commission (ITC) ruling blocking imports of Apple Watches with the feature, prompting Apple to temporarily remove it and triggering a prolonged appeals process.

Apple said the update allows users to start a session in the Blood Oxygen app on the watch, which collects sensor data for calculation and display on the iPhone. The Series 6 Apple Watch first introduced pulse oximetry in 2020, while Masimo launched its blood oxygen-tracking W1 watch in 2022.

Apple had briefly resumed sales after persuading the Federal Circuit to pause the import ban, but the ban was later reinstated, necessitating the temporary removal of the feature in the U.S. Masimo shares fell 4.5% on Thursday.

Applied Materials Cuts Forecast Amid China Slowdown and Export-Restrictions

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Applied Materials (AMAT.O) forecasted fourth-quarter revenue and profit below analyst expectations on Thursday, citing weak demand in China and uneven orders from customers impacted by tariff uncertainty. Shares fell nearly 13% in after-hours trading.

The ongoing U.S.-China trade tensions and export restrictions on advanced semiconductor equipment have complicated forecasting, weighing on orders for chipmaking tools suppliers like Applied Materials. China accounted for 35% of Applied’s total sales in the July quarter, making it a critical market.

CFO Brice Hill said the company expects a revenue decline in the fourth quarter due to both the absorption of recently added capacity in China and non-linear demand from leading-edge customers. Tightened export controls prevent sales of the most advanced chipmaking equipment to Chinese clients. Meanwhile, Chinese chipmakers are pausing new orders for older-generation chips used in automotive, industrial, and consumer electronics.

Applied projected fourth-quarter revenue of $6.70 billion, plus or minus $500 million, below the $7.33 billion analysts had anticipated. Adjusted profit per share is expected at $2.11, compared with estimates of $2.39. The forecast assumes no approvals for pending U.S. export license applications.

The company’s third-quarter results exceeded expectations, with revenue up 8% to $7.30 billion and adjusted earnings per share at $2.48, above analyst estimates of $2.36.

Shein’s UK Sales Surge to $2.8 Billion in 2024

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Shein’s British business generated £2.05 billion ($2.77 billion) in sales in 2024, marking a 32.3% increase from 2023, according to a recent filing. The UK represents Shein’s third-largest market after the United States and Germany as the fast-fashion e-commerce giant prepares for an initial public offering in Hong Kong.

Shein Distribution UK Ltd reported a pretax profit of £38.25 million in 2024, up 56.6% from £24.4 million the previous year. The filing highlighted milestones including a pop-up shop in Liverpool, a Christmas bus tour across 12 UK cities, and the opening of two new offices in Kings Cross and Manchester.

The retailer is known for low prices, constant promotions, and rewards programs that encourage repeat purchases. Shein has captured market share from competitors such as ASOS (ASOS.L) and H&M (HMb.ST), especially as rising inflation has pushed consumers toward bargain hunting. Its UK site offers items ranging from £7.99 ($10.84) dresses and £15 ($20.36) jeans to toys, craft supplies, and storage products.

Shein has benefited from customs duty exemptions on low-value e-commerce shipments, allowing goods to be shipped directly from Chinese factories largely tariff-free. However, these exemptions are being phased out, raising costs and prices, particularly in the U.S. The Trump administration eliminated the “de minimis” exemption for parcels under $800, and the EU plans to remove its duty waiver for parcels under €150. The UK is also reviewing its policy on low-value imports amid complaints that it favors online retailers like Shein and Temu.