Ever since the official launch of the world’s most famous smart phone, Apple iPhone, the device and its creator, Apple Inc. have been surrounded by angry and dissatisfied customers, who have spent more than $200 on the phone and yet, what they received was a smart phone, that couldn’t even get the network reception. This grave issue has not only landed Apple Inc in courts, but apparently it has also affected the company’s stock portfolio, that witnessed a drop of 3%, soon after the iPhone 4G received a negative review from the prestigious, Consumer Reports.

Soon after the negative review by Consumer Reports in regards to iPhone 4G’s antenna problem, Apple’s stock went down by as a much as 4.2 percent to $246.43, but later regained some strength and the loss remained constant at 3%, amounting to $260 a share. Consumer Reports is one of the most coveted independent publications, that even though loved the iPhone 4G and gave it the highest rating of any smartphone, still very much criticized Apple for the reception problems, that arise when the device is held in a certain wrong way. Now, some experts have been stated that, in the wake of the iPhone 4G disaster, Apple Inc. will most probably have to recall the already sold iPhone 4G units to repair the problem.

According to Mark Moskowitz (Analyst),

“Concerns around iPhone 4 reception do not appear to be impacting demand, but we think there are risks when a well respected product rating agency such as Consumer Reports issues an unfavorable report. Consumer Reports said that other phones it tested did not have the reception problem, including the iPhone 3GS.”

Via Venture Beat