“Shares of Apple were higher in late-morning trade on Friday as Drexel Hamilton said that the Cupertino, CA-based iPhone maker could benefit from battery problems in competitor Samsung’s Galaxy Note7,” Rachel Aldrich reports for TheStreet.

“The company has stopped sales of the Note7 and is issuing replacements for devices already sold,” Aldrich reports. “Drexel said that ‘the timing could not have been more propitious for Apple’ as the company prepares to launch the iPhone 7.”

Aldrich reports, “Drexel added that images of burning Galaxy Note7 devices in the media ‘will cause some damage’ to Samsung’s brand.”

Read more in the full article here.

“News reports yesterday cited a Samsung executive, claiming Samsung was preparing to issue a total recall of the phablet-sized phone, as my colleague Shuli Ren wrote overnight, the reason being a rash of defective batteries that have caused some Note 7s to burst into flames,” Tiernan Ray reports for Barron’s.

There has been no shortage of “gloom and doom” around Apple over the past several months, similar to the summer of 2013. However, we believe sentiment will begin to change with the launch of the iPhone 7 and into the iPhone 8 in 2017. After the massive upgrade cycle with the iPhone 6 that drove 37% iPhone unit growth in FY:15, the upgrade to the iPhone 6s was muted and we are projecting a 9% YoY decline in iPhone units in FY:16. We believe the iPhone unit cycle troughed in 2Q:FY16 and we expect iPhone unit growth to return in 2Q:FY17 and 5% growth for FY:17. — Drexel Hamilton analyst Brian White

Read more in the full article here.

MacDailyNews Take: Karmic.

If it’s not an iPhone, it’s an incendiary device for your pocket cobbled together by a South Korean dishwasher maker.

On that note (get it?), Interns: TTK!

Hey, stay warm and toasty this holiday season, slavish copiers!

Thermonuclear

Thermonuclear.

SEE ALSO:
Beleaguered Samsung to recall 2.5 million Galaxy Note 7 units over exploding batteries – September 2, 2016
Samsung may be forced to recall Galaxy Note 7 over exploding batteries – September 1, 2016
Samsung halts Galaxy Note 7 shipments due to battery explosions – August 31, 2016
Ben Bajarin: ‘Samsung will be out of the smartphone business within five years’ – November 2, 2015
Apple’s iPhone can soon reap 100 percent of world’s smartphone profits – November 17, 2015
Apple’s iPhone owns 94% of smartphone industry’s profits – November 16, 2015
Poor man’s iPhone: Android on the decline – February 26, 2015
Study: iPhone users are smarter and richer than those who settle for Android phones – January 22, 2015
Why Android users can’t have the nicest things – January 5, 2015
iPhone users earn significantly more than those who settle for Android phones – October 8, 2014
Yet more proof that Android is for poor people – June 27, 2014
More proof that Android is for poor people – May 13, 2014
Android users poorer, shorter, unhealthier, less educated, far less charitable than Apple iPhone users – November 13, 2013
IDC data shows two thirds of Android’s 81% smartphone share are cheap junk phones – November 13, 2013
CIRP: Apple iPhone users are younger, richer, and better educated than those who settle for Samsung knockoff phones – August 19, 2013