In The Wake Of ‘Antennagate’, Apple’s Stock Takes A Hit
As consumers and journalists begin to wonder if the iPhone 4 is a lemon due to the ongoing antenna issues with the phone, Apple’s stock has taken a hit this morning. The stock started trading this morning at $255.84 and dropped by nearly ten points to $246.55 in mid-morning trading, losing as much as $9 billion in market cap. Shares seem to be recovering now at $249 per share.
Clearly, this issue is spiraling beyond just tech blogs into mainstream media. In fact, our own MG Siegler spoke to MSNBC’s Keith Olbermann last night about the issue with the iPhone’s signal strength (see video below). And as the antenna issue gains momentum, the markets are reflecting the concerns over this flawed device. 
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