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  • In business news, the clock may be ticking on the fate of Apple smartwatches.

  • Today, the tech giant appealed a US trade ban on the imports of the company's new smart watches over a patent dispute.

  • CBS's Elise Preston reports on what the ban means for health conscious consumers.

  • If you didn't get the newest Apple Watch for Christmas, you might have missed your chance --at least for now.

  • A dispute over patented technology is bringing sales of the smart watches to a halt in the US.

  • The Apple Series 9 and Ultra 2 watches can read oxygen levels in the blood, a feature that medical device company Massimo says infringes on its patents.

  • Apple and Massimo, they've each accused each other of various patent infringements and this is very common.

  • It's just rare that at this point, they're actually pulling a product off store shelves, which does not happen very often.

  • Apple Watches can measure a number of other health indicators.

  • I can still do other things with the watch and it's definitely not the reason I purchased it.

  • The ban comes at a time when the popularity of these devices is booming.

  • In North America alone, the market for wearable medical devices has grown to nearly $14 billion, and that's expected to more than double in five years.

  • Apple is the largest seller of smart watches in the world.

  • In a statement, the company says it strongly disagrees with the decision and is taking all measures to return the watches to customers in the US as soon as possible.

  • Meanwhile, Massimo calls the move a win for the integrity of the US patent system and consumers.

  • Do you foresee Apple just writing a check?

  • You know, Apple has the ability to certainly write a check to settle almost any dispute.

  • It's not their biggest business, but it's a nice business.

  • It's a significant business and it ties into so many of their other products.

  • Now, one way Apple could get out of this mess is to roll out new technology.

  • The impact extends far beyond the latest models.

  • If you bought an Apple Watch in the last few years and it breaks, you may not be able to get it repaired until this dispute is resolved.

  • Jerica. -Elise Preston.

  • Thank you very much.

In business news, the clock may be ticking on the fate of Apple smartwatches.

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