Apple stock hits highest since December on Samsung Note 7 fire crisis
( Apple stock hits highest since December on Samsung Note 7 fire crisis ) - The Apple Inc. store is seen on the day of the new iPhone 7 smartphone launch in Los Angeles, California, U.S., September 16, 2016.REUTERS/Lucy NicholsonA customer buys the new iPhone 7 smartphone inside an Apple Inc. store in Los Angeles, California, U.S., September 16, 2016.REUTERS/Lucy NicholsonSAN FRANCISCO Apple Inc's (AAPL.O) stock on Monday jumped 2.3 percent, 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.
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Samsung Halts Note 7 Sales Worldwide, Urges Owners to Power Down
( Samsung Halts Note 7 Sales Worldwide, Urges Owners to Power Down ) - Photo: APAmid continued reports of their new flagship smartphone catching on fire, Samsung suspended global sales and replacements of the Galaxy Note 7 on Monday and advised current owners to turn their devices off.Earlier in the day, the company confirmed it was "adjusting" the phone's production schedule after reports that Samsung had temporarily stopped manufacturing the device."We are working with the US Consumer Product Safety Commission (CPSC) to investigate the recently reported cases involving the Galaxy Note7," said a Samsung representative in a statement to Gizmodo.
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Samsung halts sales of Galaxy Note 7 after new troubles
( Samsung halts sales of Galaxy Note 7 after new troubles ) - This follows after reports of its batteries catching fire.Samsung said it is halting sales of the star-crossed Galaxy Note 7 smartphone after a spate of fires involving new devices that were supposed to be safe replacements for recalled models.In a statement issued late Monday, Samsung said consumers with original Note 7 devices or replacements they obtained after the recall should turn off the power and seek a refund or exchange them for different phones.
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Samsung Electronics shares open sharply lower as Note 7 woes mount
( Samsung Electronics shares open sharply lower as Note 7 woes mount ) - A visitor tries out a Samsung Electronics Galaxy Note 7 smartphone at the company's shop in Seoul in Seoul, South Korea.(AP)Samsung Electronics Co Ltd shares opened sharply lower on Tuesday, as the firm's decision to halt sales and exchanges of the Galaxy Note 7 smartphone weighed on sentiment.Samsung shares fell as much as 5 percent to 1.596 million won ($1,431.71), their lowest since Sept. 30.
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