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See How Much Samsung looses in market value On iPhone banned

The media source product has been loosen about $1 billion since the announcement of the ban from the US government.
The US President was on Saturday open up to a sales ban on Apple’s iPhone 4 and iPad 2 that is going to be carry out on Monday.

The close of the business been ordered by the U.S. International Trade Commission,(USITC) which had said that  Apple’s previous-generation mobile devices contravened by a Samsung-owned patent and could therefore stop from selling in the United States.

Behind the President’s  quashing, Samsung shares slid on Monday on the Korean exchange as investors grew concerned that the decision might have implications for Samsung’s patent right.

Samsung’s stock closed down just one point at 1,274,000 won but as The Wall Street Journal noted, that slight dip cost Samsung more than $1 billion in market value. ”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),” Samsung said in a statement on Saturday in response to the quashing.


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