been-recalled
Apple stock hits highest since December on Samsung Note 7 fire crisis
October 10, 2016 by elegant · Leave a Comment
By Noel Randewich SAN FRANCISCO (Reuters) – Apple Inc's stock on Monday jumped 2.3 percent, reaching a high not seen since December, after rival Samsung Electronics Co Ltd suspended production of its flagship Galaxy Note 7 smartphones following reports of fires in replacement devices. Fires in the smartphones that were meant to replace devices that had been recalled because of their propensity to explode could be a disaster for Samsung and a potential boon to Apple. Apple's stock was up $2.66 at $116.72 in afternoon trading and was the largest contributor…
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Apple stock hits highest since December on Samsung Note 7 fire crisis