The new iPhone 4 faced much criticism when the later new about the reception problem. The CEO of Apple Steve Jobs apologized to people and denied that the new iPhone 4 have antenna problems and the problem persist while users cover the specific spot of iPhone with bare hands. Apple Inc. will give free iPhone covers to its users which will help resolve the reception problem.

‘Almost 3 million buyers have purchased iPhone and the situation is not under control of Apple’, analysts predicted. The Apple Inc. shares have also been hit hard after the news circled the market and the shares of apple are not likely to recover in the near future. AAPL on Nasdaq will now witness frequent fluctuation but investors should be steady and should not panic on selling apple shares because Apple shares will benefit in long run. Apple shares slipped $1.80, almost 1 percent, to close Friday at $249.30.