A direct veto from President Obama has overturned the ITC's imminent ban on Apple products. The ban included: the iPhone 4, 3GS, 3G, iPad 1, and iPad 2. The ban was originally put in place after the ITC ruled in favor of Samsung when the company claimed Apple had violated Samsung's patents with these devices. The President's block of the ITC ban is the first block of this kind since the 1987 Reagan administration.
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Both Apple and Samsung have responded to the news. In a press release Apple applauded the news saying, "We applaud the Administration for standing up for innovation in this landmark case. Samsung was wrong to abuse the patent system in this way."
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Samsung released a statement to AllThingsD stating they were disappointed with the decision from the ITC saying:
"We are disappointed that the U.S. Trade Representative has decided to set aside the exclusion order issued by the U.S. International Trade Commission (ITC). The ITC's decision correctly recognized that Samsung has been negotiating in good faith and that Apple remains unwilling to take a license."
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According to FastCompany's web site Samsung lost more than $1 billion in market value after the veto.
The web site also notes President Obama has unveiled plans to tackle the aging patent system in the U.S. and to specifically prevent or limit the abuse of patents by "patent trolls."
You can check out the full letter from the government below:
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