by Elgin
In response to iPhone 4 reception flaw, Apple announces a fix for iPhone reception problem rather than a recall the device, hoping to stem a growing chorus of complaints on the device. No details on the fix, but analysts are positive that Apple will not initiate a costly and embarrassing recall.
However, this problem has hurt Apple's shares ahead of its quarterly results next week that investors will be looking for information why this happened. Since June 28 - days after the launch, when complaints about faulty reception began surfacing on Internet technology websites - Apple has lost about US$16 billion (S$22 billion) in market value, with at least some of that related to the iPhone controversy.
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