Obama Administration Vetoes Ban on Apple (AAPL) iPhones, iPads

Apple (Nasdaq: AAPL) shares are indicated for a higher open Monday following a decision by the White House over the weekend to reverse a potential ban on iPhone and iPad imports into the U.S.

Following reports late last week that the Obama administration was considering the move, it was affirmed on August 3, 2013. The call follows an unfavorable ruling issued last year against Apple in patent litigation with Samsung.

In the letter, U.S. Trade Rep Michael Froman said the decision was made to prevent patent holders from gaining undue leverage, while also keeping check that competition in the U.S. wasn't unfairly balanced.

This is the first time since 1987 that a presidential administration vetoed an import ban ordered by the U.S. International Trade Commission (ITC), the WSJ noted Monday morning.

Pundits on the ITC order questioned whether or not companies should be allowed to block rival patents deemed essential for the development of new products. Apple had argued that the ban wasn't right because Samsung committed to license standard essential patents.

One Apple rep commented to the WSJ, We applaud the Administration for standing up for innovation in this landmark case ... Samsung was wrong to abuse the patent system in this way.

The full letter is below:

White House Veto on Apple iPhone, iPad Ban

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