Apple Shares Slip on Death Grip Concerns, Recall Worries

Apple’s stock is taking a pounding today after Consumer Reports‘ negative iPhone review, and our story that the company may have to issue a hardware recall.

Apple’s share price fell 3-4% in heavy trading today, reports VentureBeat:

Apple’s stock price fell 3 percent on Tuesday after Consumer Reports gave a negative review of the iPhone 4 because of its reception problems.

… In the wake of the Consumer Reports review, experts speculated that Apple would have to recall the units it has sold to fix the antenna problem, which may be more complicated than the software fix that Apple talked about on July 2.

VentureBeat: Apple shares slide after bad iPhone 4 review, recall concerns

14 comments »