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Samsung Halts Production of Galaxy Note 7

Apple shares were rising Monday following reports rival smartphone maker Samsung was temporarily halting the production of its popular Galaxy Note 7 phone.
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Apple (AAPL) - Get Apple Inc. (AAPL) Report shares were rising Monday following reports rival smartphone maker Samsung was temporarily halting the production of its popular Galaxy Note 7 phone due to multiple reports of the phone's battery spontaneously exploding. The halt in production follows the company's previous announcement that it would recall 2.5 million Note 7 phones. U.S. carriers AT&T and T-Mobile recently announced that they would temporarily stop exchanging new Note 7 smartphones following reports of replacement devices that Samsung vouched for also catching fire.

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