Apple Stock Falls On IPhone 4 Recall Rumors

Posted: Jul 14 2010, 10:26am CDT | by , Updated: Aug 12 2010, 12:24am CDT, in News | Technology News

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When Consumer Reports outed the iPhone 4 for its antenna design flaw, they knocked the wind out of many Apple fan boys. While the company protested that the issues were software related, we now have fairly solid evidence that they were obscuring the truth. The iPhone 4 has a definite physical problem. Some pundits even think it may be bad enough to necessitate a recall.

TechEye reports that Apple shares dropped 4% on Tuesday after Consumer Reports advised against buying the iPhone 4. Major bookie Paddy Power has also shortened their odds on an iPhone recall to 4/6. While betting against Apple hasn't been a wise move for the last few years, it could be that the winds are changing.

Or we could be making a mountain out of a molehill. It's worth noting that the flawed iPhone is still one of the best-selling smartphones ever. Apple could fix this whole debacle up by giving us a straight answer and cutting out the ambiguity.

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<a href="/latest_stories/all/all/5" rel="author">Robert Evans</a>
The excitement about new smartphones, tablets and anything mobile drive Robert to unearth the latest rumors and developments in this fast moving space. He adopted 4G as soon as it become available and knows where the mobile market is going.
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