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  5. Apple shares slide on iPhone 4 problems

Apple shares slide on iPhone 4 problems

Apple shares slide on iPhone 4 problems

After the iPhone 4 failed to gain the recommendation of a leading publication in the US, Apple saw £6.5 billion of its valuation disappear into thin air as the markets reacted to the criticism.

Watchdog organisation Consumer Reports said that the antenna issues that have been the bane of Apple's new smartphone mean that it is unworthy of consumer attention, despite the fact that the overall score achieved by the mobile in the review exceeded that of its rivals and the previous generation iPhones.

The 4.2 per cent dip in Apple's share price was not a permanent drop, as it managed to claw back some of its value later in the day.

Consumer Reports' article stated: "When your finger or hand touches a spot on the phone's lower left side ... the signal can significantly degrade enough to cause you to lose your connection altogether ... due to this problem, we can't recommend the iPhone 4."

Speculation mounted this week as to whether or not a worldwide recall of the demonstrably faulty smartphone will be necessary. Thus far, the silence from Apple in relation to this claim has been deafening.

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