Product ban? Samsung won't be sweating it

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A victory for Apple at Friday's International Trade Commission ruling is likely to have little impact on Samsung Electronics' market share and stock performance, according to industry experts.

The commission is set to decide whether some Samsung products should be banned in the U.S and comes a week after President Obama vetoed a product ban on certain Apple devices.

Still, analysts believe that the outcome will have little bearing in the marketplace given Samsung's robust performance during the last quarter.

(Read more: Apple vs. Samsung debate: Which really makes more money?)

The South Korean giant dethroned Apple in handset profits during the second-quarter, posting $5.2 billion in operating profit compared to Apple's $4.6 billion. Furthermore, Samsung notched 33.1 percent in global market share in the quarter while Apple's share declined to 13.6 percent, which is a three-year low according to a report by Strategy Analytics.

"When you step back and look at the big picture, the answer is already pretty clear that Samsung is winning this fight so why should South Korea start a bigger brawl when they are already homegrown favorites winning the war?" said Edward Snyder, co-Founder and managing director at Charter Equity Research on CNBC Asia's "Squawk Box."

"This is more of a headline story in a political debate than it is about economics," he added.

Snyder used the case of the 2008 patent battle between American semiconductor giants Broadcom and Qualcomm to show why an Apple victory at the ITC would not dent Samsung's share price.

(Read more: An 'emerging' threatto Samsung, and it's not Apple)

"The ITC put an injunction on Qualcomm in certain parts of the U.S. and in addition, they had to a pay $1 billion fine to Broadcom, but it had no impact on Qualcomm's stock price."

"Investors look at growth in revenue earnings and market share, that's what determines the stock price. You can have one-time charges but if they're one-time, it's not an on-going issue so it doesn't really affect the stock," he said.

Fitch Ratings agreed, saying that a decline in Samsung's competitiveness or a significant loss in its market share is more likely to have a negative impact than a product ban.

(Read more: Samsung attempts to reinvent itself through disruption)

In a further measure of support, S&P ratings agency raised Samsung's long-term credit rating by a notch to 'A-plus' on Thursday, saying the firm's financial performance would be solid for the next two years.

Fitch went on to add that the Obama administration's decision to overturn a ban on importing certain Apple products, including the iPhone 4 and iPad mini, will not hurt Samsung.

(Read more: How Obama's veto of iPhone ban will change tech wars)

The iPhone 4 and iPad mini are older models that would not directly compete against Samsung's flagship devices such as the new Galaxy Tab 3, released just last week.

"Given the lengthy legal process, only outdated models have been the subject of trials, and thus, the potential impact on Samsung's cash flow is very limited," Fitch said.

By's Nyshka Chandran. Follow her on Twitter @NyshkaCNBC