This is all about regulatory approvals in China, SK and Japan now. Without these it inhibits product launch.
It’s not about the tech. The tech works. It’s about regulatory approvals. Primarily.
Plus there is language in the agreement with Apple which is hurting their ability to get product out with other companies. They thought Partnering with Apple would propel them, which it may have internally some way (US and European regulatory and Patents), but it’s certainly hurt their ability to launch product with other companies before Apple. And my opinion is without regulatory approvals from those key other countries Apple is apprehensive.
Puts the breaks on the whole thing until
1. They get regulatory approvals in those key countries OR
2. The term limits of the Agreement with Apple expire
Both are unknowns to investors and how many times have you heard the statement “the Market doesn’t like uncertainty”?