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Apple Watch Series 9 and Ultra 2 Available in Apple Stores Starting Today, Online Sales to Resume Tomorrow – MacRumors

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Apple Watch Series 9 and the Apple Watch Ultra 2 are back in some of Apple’s retail stores in the United States today, according to Bloomberg‘s Mark Gurman. Select stores will have availability today, while all stores will have the Apple Watch models back in stock by December 30. Online sales of the devices are set to resume tomorrow by 12:00 p.m. Pacific Time.

Apple Watch Series 9
Apple is able to begin selling the Apple Watch models again after the U.S. Court of Appeals temporarily paused the import ban levied by the U.S. International Trade Commission. It’s likely that Apple will be able to sell the Apple Watch models through most of January, and perhaps longer depending on what the court decides.

The import ban has been halted while the appeals court determines whether a longer pause should be implemented while the full ITC vs. Apple appeal plays out. If that happens, the import ban will be stayed for several months, but if the appeals court decides not to stay the ban during the appeals process, Apple will need to stop sales again.

The U.S. ITC has until January 10 to argue its case for the import ban to restart immediately, and the appeals court is accepting letters supporting or opposing the import ban through January 15. After that, the court will make a final ruling on the stay.

Apple paused ‌Apple Watch Series 9‌ and Ultra 2 sales online on December 21 and in stores after December 24 to comply with an ITC ruling. The ITC banned imports of Apple Watch components related to blood oxygen monitoring technology after it decided the Apple Watch infringes on patents owned by medical device company Masimo.

The temporary stay on the ban not only allows Apple to resume sales for now, but it also gives Apple time to provide adequate stock to third-party retailers in case the ban is reinstated. Apple retail stores in the United States will have to stop selling the ‌Apple Watch Series 9‌ and Ultra 2 if that happens, but the ban does not extend to retailers like Best Buy, Walmart, and Target.

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Netflix’s subscriber growth slows as gains from password-sharing crackdown subside

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Netflix on Thursday reported that its subscriber growth slowed dramatically during the summer, a sign the huge gains from the video-streaming service’s crackdown on freeloading viewers is tapering off.

The 5.1 million subscribers that Netflix added during the July-September period represented a 42% decline from the total gained during the same time last year. Even so, the company’s revenue and profit rose at a faster pace than analysts had projected, according to FactSet Research.

Netflix ended September with 282.7 million worldwide subscribers — far more than any other streaming service.

The Los Gatos, California, company earned $2.36 billion, or $5.40 per share, a 41% increase from the same time last year. Revenue climbed 15% from a year ago to $9.82 billion. Netflix management predicted the company’s revenue will rise at the same 15% year-over-year pace during the October-December period, slightly than better than analysts have been expecting.

The strong financial performance in the past quarter coupled with the upbeat forecast eclipsed any worries about slowing subscriber growth. Netflix’s stock price surged nearly 4% in extended trading after the numbers came out, building upon a more than 40% increase in the company’s shares so far this year.

The past quarter’s subscriber gains were the lowest posted in any three-month period since the beginning of last year. That drop-off indicates Netflix is shifting to a new phase after reaping the benefits from a ban on the once-rampant practice of sharing account passwords that enabled an estimated 100 million people watch its popular service without paying for it.

The crackdown, triggered by a rare loss of subscribers coming out of the pandemic in 2022, helped Netflix add 57 million subscribers from June 2022 through this June — an average of more than 7 million per quarter, while many of its industry rivals have been struggling as households curbed their discretionary spending.

Netflix’s gains also were propelled by a low-priced version of its service that included commercials for the first time in its history. The company still is only getting a small fraction of its revenue from the 2-year-old advertising push, but Netflix is intensifying its focus on that segment of its business to help boost its profits.

In a letter to shareholder, Netflix reiterated previous cautionary notes about its expansion into advertising, though the low-priced option including commercials has become its fastest growing segment.

“We have much more work to do improving our offering for advertisers, which will be a priority over the next few years,” Netflix management wrote in the letter.

As part of its evolution, Netflix has been increasingly supplementing its lineup of scripted TV series and movies with live programming, such as a Labor Day spectacle featuring renowned glutton Joey Chestnut setting a world record for gorging on hot dogs in a showdown with his longtime nemesis Takeru Kobayashi.

Netflix will be trying to attract more viewer during the current quarter with a Nov. 15 fight pitting former heavyweight champion Mike Tyson against Jake Paul, a YouTube sensation turned boxer, and two National Football League games on Christmas Day.

The Canadian Press. All rights reserved.

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