14 july 2010
iPhone issues reach Wallstreet and mainstream media
A few weeks after reception glitches of the new iPhone surfaced on the internet, the story reaches mainstream media. The renown Consumer Reports stated that it did not recommend to purchase iPhone 4. A chain of events followed.
American stock traders immediately started selling their Apple share after Consumer Reports gave its negative advise. Apple lost five percent of its stock value, while technology index NASDAQ gained two percent.
News paper reporting on deprecation
The decrease of Apple's share price, that has stpped for now, led to a chain of news reports regarding reception issue with iPhone 4. Press agency Reuters released an article, and large news papers like the Washington Journal published about Apple's issues.
When will Apple intervene?
Now that antenna issues of the iPhone 4 have led to a decrease of share value and negative reports in newspapers, Apple problems are growing bigger. In the meanwhile, Apple denies the problem and refuses to help out its clients.
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