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|Apple Inc's (AAPL.O) stock on Monday jumped 2.3 percent Kevin Kiermaier 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 Corey Dickerson 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 Colby Rasmus 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 Chris Archer Jersey , according to market research firm IDC.
FC Barcelona's Lionel Messi(R) and RCD Espanyol's David Lopez compete during the Spanish King's Cup match between FC Barcelona and RCD Espanyol in Barcelona, Spain, on Jan. 25 Alex Cobb Jersey , 2018. FC Barcelona won 2-0. FC Barcelona is qualified for semifinals. (XinhuaJoan Gosa) FC Barcelona's Lionel Messi(front L) and RCD Espanyol's Sergio Darder vie for the ball during the Spanish King's Cup match between FC Barcelona and RCD Espanyol in Barcelona, Spain, on Jan. 25 Adeiny Hechavarria Jersey , 2018. FC Barcelona won 2-0. FC Barcelona is qualified for semifinals. (XinhuaJoan Gosa) FC Barcelona's Lionel Messi(3rd L) competes during the Spanish King's Cup match between FC Barcelona and RCD Espanyol in Barcelona, Spain, on Jan. 25 Cheap Tampa Bay Rays Hats , 2018. FC Barcelona won 2-0. FC Barcelona is qualified for semifinals. (XinhuaJoan Gosa)
SHENZHEN, Jan. 13 (Xinhua) -- Zhao Yanhao of Zhejiang Guangsha won the trophy of the Most Valuable Player of the 2017-2018 season CBA ALl-Star Rookie Challenge in Shenzhen as he scored a match-high 14 points in the Southern-Northern Rookies' 103-95 victory over the Tsinghua-Peking University team.
"I was confident during the game. Teammates offered me a lot of fantastic passes and the coach gave me enough time on the court," Zhao said.
The defending champion of the Three-Point Shooting Contest Cheap Tampa Bay Rays T-Shirts , Jimmer Fredette, had 21 points in the preliminary round to advance into the final, along with Yu Changchun of Jiangsu Tongxi Cheap Tampa Bay Rays Hoodies , who also had 21 points, and Gu Yuezhuo from Guangzhou, who scored 19.
Hu Mingxuan of Guangdong headed into the Technics Challenge final as he finished it with 31.5 seconds Custom Tampa Bay Rays Jerseys , followed by Yu Dehao of Shenzhen with 35.3 seconds.
Zhang Jianhao shined in the Dunk Contest preliminary round with 93 points from two dunks. His opponents in the final will be Leng Zhenduo and He Zhongda.
HELSINKI， Dec. 23 (Xinhua) -- Finland's Nokia Corp. has sued Apple Inc. in Germany and the United States， alleging that Apple products infringe a number of Nokia patents， according to a statement issued Wednesday on Nokia's official website.
The statement said， Nokia， a Finnish multinational communications and information technology company and once the world's top mobile phone maker， signed a license agreement covering several patents owned by the company with Apple in 2011.
"Through our sustained investment in research and development， Nokia has created or contributed to many of the fundamental technologies used in today's mobile devices， including Apple products，" Ilkka Rahnasto， head of Patent Business of Nokia， said in the statement.
However， Apple refused to pay for other patents while using them， which are not covered in the licensing agreement， said the statement.
"After several years of negotiations trying to reach agreement to cover Apple's use of these patents， we are now taking action to defend our rights，" said Rahnasto.
Nokia has filed the complaints with three courts in Germany and a district court in southern U.S. state of Texas.
After selling its handset business， Nokia has focused on networking. Therefore， patents have become a significant source of the company's income.
In the third quarter， Nokia's technology unit， which licenses its patents， generated about 40 percent of the company's total adjusted operating profit， according to financial website Bloomberg.
"Apple has regularly fought to keep royalty rates low， whereas Nokia is interested in getting as much value from its intellectual property as possible，" Bloomberg analyst Matt Larson said.
According to Bloomberg， Apple has replied with an e-mailed statement， which said "unfortunately， Nokia has refused to license their patents on a fair basis and is now using the tactics of a patent troll to attempt to extort money from Apple by applying.