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Apple Inc's (AAPL.O) stock on Monday jumped 2.3 percent Cheap Christian Kirksey Jersey , reaching a high not seen since December, after rival Samsung Electronics Co Ltd <005930.KS> 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 to gains on the S&P 500. Earlier, Samsung's stock dipped 1.5 percent.


Samsung's ongoing problems suggested the world's largest smartphone maker has failed to fix a problem that has already damaged its brand and threatened to derail a recovery in its mobile business.


Following the reports of fire in replacement devices Cheap Joel Bitonio Jersey , Verizon Communications Inc (VZ.N), AT&T Inc (T.N) and other wireless carriers suspended sales and exchanges of Note 7s.


Best Buy Co Inc (BBY.N) will no longer sell the Note 7 and said customers could return their smartphones or exchange them for a different device.


"We believe the Note 7's ongoing issues could help market share shifts for Apple," Credit Suisse analyst Kulbinder Garcha said in a note to clients on Monday. He estimated that a 5 percent gain in high-end smartphone market share would increase Apple's earnings per share by as much as 7 percent.


Apple's stock has rallied 13 percent since mid-September on optimism about demand for the recently launched iPhone 7.


Shares are up 30 percent from lows hit in May Cheap Derrick Kindred Jersey , when fears about weak iPhone demand allowed Google parent Alphabet Inc (GOOGL.O) to briefly eclipse Apple as the world's largest company by market capitalisation.


Samsung is the world's largest seller of smartphones by volume, with about 23 percent market share, followed by Apple with 12 percent Cheap Joe Schobert Jersey , according to market research firm IDC.


BEIJING, May 9 (Xinhuanet) -- Xinhuanet, the official website of China's Xinhua News Agency Cheap Briean Boddy-Calhoun Jersey , will launch a vote “The most famous Chinese brand in the eyes of foreigners” on May 10.


The State Council, China's cabinet, has approved a Chinese Brands Day Cheap Jamie Collins Jersey , to be held on May 10 each year from this year. The first falls on Wednesday.


It is of historical significance for Chinese enterprises.


Chinese brands spearheaded by HUAWEI, Lenovo, Haier Cheap Trevon Coley Jersey , Gree, and Tsingtao Beer have been gaining increasing global influence in recent years and have become a new name card of China.


They are building their distribution channels globally to increase the prevalence of Chinese products worldwide.


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Photo exhibition on Belt and Road Initiative opens at UN headquarters


Russian soldiers participate in Victory Day parade in Vladivostok


Aerial view of Huangguoshu Waterfall


Virtual fitting room seen in Nanjing's shopping mall


Chinese submersible explores turbidity current in South China Sea


Straw art gala held in E China's Shandong


Xinjiang Int'l Grand Bazaar held in Urumqi, NW China


8th China Peking Opera art festival to be held in Nanjing


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