VENTURE CAPITAL POST

Apple Inc won an order versus Samsung that would prohibit the South Korean company from importing, selling and distributing its devices in the US.

Apple would be given the upper hand if the International Trade Commission decided to favor the US tech titan.

Samsung would benefit from its failure to block the US imports of Apple products.

Samsung lost US$1 billion in market value after the US President Barack Obama vetoed the import ban on Apple's products.

South Korea expressed its concerns regarding the Obama administration’s decision to overrule a sales ban of Apple’s iPhone 4 and iPad 2.

Obama administration's ruling that overturned the global trade decision against Apple promised to upend the battles on patent.

Analysts said that US President Barack Obama's ruling could aid the sales of Apple and could be Samsung's setback.

Apple was seeking US president and trade representative's reprieve regarding the import ban for iPhone 4 and iPad 2 in the US.