Apple Shares Drop After Consumer Reports Article
Apparently Apple is beginning to feel some effects of pushing out a defective iPhone 4, namely the iPhone 4 antenna problem which recently caused Consumer Reports to state they can’t recommend the iPhone 4 until it is fixed.
Now according to a Jennifer Allan article over on Electric Pig, Apple shares dropped yesterday on the back of that Consumer Reports article. Apple has even removed all trace of the Consumer Reports discussion threads on their official boards.
Apparently Apple shares fell 3.1% making a $7.93 loss leaving shares at $249.35, although apparently some analysts are now saying investor worries over the iPhone 4 antenna issue is “overblown” because Apple has become the biggest tech company in the world as of May 26th 2010.
So what if Apple has become the biggest tech company in the world? Apple still has an obligation to its customers to make sure any issues with newly released devices including the iPhone 4 are put right and put right in the fastest possible timeframe, not just ignore the problem and hope it will go away.
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3 thoughts on “Apple Shares Drop After Consumer Reports Article”
Owned. Android ftw
apple needs to own up to the fact that they knowingly marketed a phone that didn't work from a design standpoint. holding your handset any-which-way should be a given and not have to be specified or specialized to adapt the consumer to the product. and to think that steve jobs experienced a loss of signal when demonstrating the iphone4 himself – what a twit. i'm honestly hoping more of their stock falls.
I've bought one… it works fine, & I haven't bothered with the bumper..I never look at the bars on any phones they either work or they don't- in my experience it's invariably down to poor network coverage.A good product I'm very happy:-)