“With Apple’s stock up 25 percent since its multiyear lows in May, Jim Cramer has heard various rumors about why Apple has suddenly come roaring back,” Abigail Stevenson reports for CNBC. “There is one important piece of the puzzle that he thinks Wall Street has mostly ignored that explains the bounce.”

“Apple’s chief rival, Samsung, was caught in a debacle for its Galaxy Note 7 phones, after it was discovered that the batteries could overheat and cause the phone to explode. Samsung’s newest smartphone has now been recalled in the U.S., and the Federal Aviation Administration issued a warning as a potential safety hazard,” Stevenson reports. “‘This opens the door for Apple to take back a potentially enormous amount of market share,’ the host of CNBC’s ‘Mad Money’ said.”

“‘Considering the damage it has done to Samsung’s brand, I bet there could be a lot more upside here,’ Cramer said,” Stevenson reports. “In an effort to get ahead [of Apple’s iPhone 7 and 7 Plus launch], Samsung expedited the launch of the Galaxy Note 7 and shortened its release date by 10 days and added 10 new features, while dismissing concerns from suppliers that it could cause problems… Thus, because Samsung rushed to release its new product, it sacrificed safety for more speed, features and processing power, Cramer said… ‘I believe this is a game-changer,’ Cramer said.”

MacDailyNews Take: And once the great unwashed finally try a real iPhone, the phone which all others try and fail to emulate, it’s all over for Samsung. As with the Mac, once you go iPhone, you never go back.

Read more in the full article here.

MacDailyNews Take: Boom!



Are Samsung’s Galaxy S7 Edge smartphones catching fire too? – September 26, 2016
Beleaguered Samsung’s replacement phones have battery problems, too – September 26, 2016
Samsung phone catches fire in mid-air aboard Singapore-Chennai IndiGo flight – September 23, 2016
Three Samsung phones erupt into fire in China, but no Chinese recall, yet – September 21, 2016
35% of those stuck with Samsung’s explosive Galaxy Note 7 want a refund, 26% want to upgrade to Apple’s iPhone 7 – September 20, 2016
Beleaguered Samsung has a ticking time bomb on its hands – September 19, 2016
Backfire: Beleaguered Samsung’s exploding phones triggered by rush to beat Apple’s iPhone 7 – September 19, 2016
Florida man sues beleaguered Samsung after phone explodes in pocket – September 17, 2016
U.S. Consumer Product Safety Commission issues formal recall of beleaguered Samsung’s exploding phones – September 15, 2016
Beleaguered Samsung phones unwelcome on NYC’s buses and trains – September 15, 2016
Samsung Galaxy Note 7 owners are ignoring the explosions, fires and safety warnings – September 15, 2016
Samsung Galaxy S7 phone explodes in teacher’s hands in the middle of busy cafe – September 14, 2016
Samsung phone blows up in car passenger seat, causes huge highway explosion – September 14, 2016
Beleaguered Samsung to issue desperate kludge in attempt to contain the exploding phone crisis – September 13, 2016
Man sues beleaguered Samsung after exploding Galaxy S7 Edge causes massive 3rd degree burns – September 13, 2016
Beleaguered Samsung phone explodes in little boy’s hands, 6-year-old suffers burns – September 12, 2016
Beleaguered Samsung sheds $26 billion in value after massive recall of explosive, dangerous, flawed Galaxy Note 7 – September 12, 2016
FAA warns airline passengers not to use Samsung phones – September 9, 2016
Beleaguered Samsung’s exploding Galaxy Note 7 destroys garage; home condemned due to fire – September 9, 2016
Beleaguered Samsung’s exploding Galaxy Note 7 destroys Florida man’s Jeep – September 8, 2016
Beleaguered Samsung’s exploding Galaxy Note 7 burns down garage; destroys Jeep in another case; airlines now banning potentially deadly device – September 8, 2016
Apple orders more parts for iPhone 7 amid Samsung recalls – September 6, 2016
Exploding Samsung Galaxy Note 7 damages Perth hotel room – September 6, 2016
Beleaguered Samsung blows it in rush to beat Apple iPhone 7 to market – September 6, 2016
Apple stock up, may benefit from beleaguered Samsung’s exploding Galaxy devices – September 2, 2016
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

[Thanks to MacDailyNews Reader “Dan K.” for the heads up.]