Apple stock hits highest since December on Samsung Note 7 fire crisis

Apple Inc's stock on Monday jumped 2.2 percent, reaching a high not seen since December, after rival Samsung Electronics Co Ltd 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 2.2 percent at $116.59 in afternoon trading and was