"Finally, Masimo will not suffer any cognizable harm, as it does not sell a competing product in the United States in any meaningful quantities (if at all)," continues Apple's filing. "Tellingly, the Commission's decision acknowledged that Masimo would not suffer any significant monetary harm from a stay."
This is why the ITC decision (and the lack of action by the current administration) is puzzling. Consumers aren’t deciding between Apple and Masimo for a smartwatch purchase — most probably haven’t even heard of Masimo. They work in different markets, so a stay is the very least that should happen. The harm is against Apple and consumers, not Masimo.