“We believe recent strength in Apple shares are, in part, due to issues with Samsung’s Note 7 phones (Samsung announced it will stop production of the phones),” Wells Fargo Securities writes for Baron’s. “Apple shares gained an incremental $14 billion in market cap at its intraday peak Tuesday, which we estimate embeds more than three million incremental iPhone 7 Plus units.”

“While we have little doubt that this issue, which we candidly did not anticipate, will help Apple, we think other Android vendors with 5.7-inch phones could see a bigger benefit if Android users prefer to stick with Android,” Wells Fargo writes. “While carriers are allowing trade-ins of the Samsung Note 7 for any other device, customers only get a credit refund for a lower-priced phone and have to pay the difference for a higher-priced phone.”

Wells Fargo writes, “We believe expectations for Apple into earnings have risen materially with some estimates above our 77 million-unit forecast for December (which was once considered way too high by a number of investors).”

Read more in the full article here.

MacDailyNews Take: Many of the afflicted will just finally say to themselves, “Enough with trying to approximate Apple’s iPhone, I’ll just get myself a real iPhone.”

Once they do that, they aren’t going back to Samsung or any other fragmandroid peddler. Ever.

Longterm, Apple wins big.

SEE ALSO:
People are dumping Samsung’s unsafe, exploding phones and upgrading to Apple’s iPhone – October 12, 2016
Social media users mock beleaguered Samsung’s explosive phones – October 11, 2016
Replacement Galaxy Note 7, deemed ‘safe’ by Samsung, catches fire in Scottish hotel room – October 11, 2016
Samsung axes explosive Galaxy Note 7, shares plummet – October 11, 2016
Drexel Hamilton projects 8 million iPhone unit gain for Apple this year alone due to Samsung’s exploding phones debacle – October 11, 2016
Samsung takes multi-billion-dollar hit to end exploding phones fiasco – October 11, 2016
Beleaguered Samsung permanently ceases Galaxy Note 7 production – October 11, 2016

TechSpot reviews Apple’s iPhone 7 Plus: Absolutely decimates the competition – October 12, 2016
AnandTech reviews Apple’s iPhone 7 and 7 Plus: ‘Unparalleled, a cut above anything else in the industry’ – October 10, 2016
Computerworld reviews Apple’s iPhone 7 Plus: There’s never been a better time to switch to iPhone – October 7, 2016
Higher income U.S. states use Apple iPhones; lower income states use Samsung Galaxy phones – September 27, 2016
PC Magazine reviews Apple’s iPhone 7 Plus: Editors’ Choice – September 20, 2016
Tom’s Guide reviews Apple’s iPhone 7 and iPhone 7 Plus: Great upgrades, but one is greater – September 20, 2016
More evidence Apple’s iPhone 7/Plus is more than a modest refresh – September 20, 2016
Professional photographer Benjamin Lowy puts Apple’s iPhone 7 Plus cutting-edge camera to the test – September 20, 2016
Apple’s A10 Fusion chip miracle – September 20, 2016
The iPhone’s new A10 Fusion chip should worry Intel – September 16, 2016
Apple’s remarkable new A10, S2, W1 chips alter the semiconductor landscape – September 15, 2016
Wired reviews Apple’s iPhone 7/Plus: ‘Fantastic’ – September 14, 2016
Sprint, T-Mobile: iPhone 7/Plus pre-orders up 4X over last year; Apple shares surge – September 13, 2016
USA Today’s Baig reviews Apple’s iPhone 7/Plus: ‘A strong handset for sure’ – September 13, 2016
WSJ reviews Apple’s iPhone 7/Plus: ‘Get over the headphone thing and upgrade’ – September 13, 2016
Mossberg reviews Apple’s iPhone 7/Plus: It’s a great phone, but where’s my headphone jack? – September 13, 2016
The Verge reviews Apple’s iPhone 7/Plus: ‘The future in disguise’ – September 13, 2016