Apple shares plummet on iPhone 4 signal woes

Apple shares plummet on iPhone 4 signal woes

Dylan Bushell-Embling & Michael Carroll   |   July 15, 2010
Apple stock has slumped after a damning report on the iPhone 4’s antenna problems sparked speculation the device could be recalled.
Shares in the company fell by up to 4.2% in a volatile day of trading Tuesday, after influential independent product reviewers Consumer Reports refused to recommend the iPhone 4 because of reception issues.
While the stock recovered slightly yesterday, at its peak it was still nearly $2 off its closing price on Monday and over $6 off that trading day's peak.
The slide was caused by market fears of a product recall analysts told Reuters.
JP Morgan said the negative review from Consumer Reports could eventually have an impact on sales, regardless of whether the firm issued a recall or not.
However, Bob Egan, global head of research and chief analyst at the Tower Group, slammed Consumer Reports’ verdict on the iPhone 4, claiming its research was unscientific, reports.

Tell Us What You Think

Add comment

The content of this field is kept private and will not be shown publicly.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Allowed HTML tags: <a> <em> <strong> <cite> <code> <ul> <ol> <li> <dl> <dt> <dd> <a> <p> <span> <div> <h1> <h2> <h3> <h4> <h5> <h6> <img> <img /> <map> <area> <hr> <br> <br /> <ul> <ol> <li> <dl> <dt> <dd> <table> <tr> <td> <em> <b> <u> <i> <strong> <font> <del> <ins> <sub> <sup> <quote> <blockquote> <pre> <address> <code> <cite> <embed> <object> <strike> <caption>
  • Lines and paragraphs break automatically.
  • Use <!--pagebreak--> to create page breaks.

More information about formatting options

Frontpage Content by Category's most popular news stories, blogs, analysis and features in the first six months of 2010

Video from Telecom Channel

Sharing cross-domain knowledge
On road to BSS transformation, StarHub first rotated staff to develop skills across its quad-play silos.      


Nicole McCormick
And puts iPhone further out of reach
Robert Clark
Authoritarianism in the time of the internet
Jens Butler and Mike Sapien/Ovum
Is it all really about cloud and convergence, or just a land grab?
Caroline Gabriel/Rethink Wireless
Carriers must forge partnerships and open up networks
John C. Tanner
It's not clear how consumers benefit from industry-preferred model of exclusive TV content contracts
Robert Clark
Try a checklist if your company has walls that need breaking down or information to be shared


Douglas MacMillan and Joseph Galante
After years of losing ground to Amazon in traditional online retailing
Ivan Pepelnjak
Several solutions that attempt to solve IPv4 address exhaustion are network ready

MWC2010 List

HTC guns for top 3 smartphone makers
Powermat wants to charge your desktop
Femtos outlook improves as cellcos seek offload options
Cheaper smartphones key to broadband takeup


Staff writer
Turning your mobile device into its own mouse
Staff writer
Bhupinder Singh to strengthen the service delivery team in Asia Pacific