LOS ANGELES/SAN FRANCISCO |
LOS ANGELES/SAN FRANCISCO (Reuters) - Shares of Apple Inc slid more than 4 percent on Tuesday after a poor review for its iPhone 4 from an influential consumer guide underpinned mounting complaints about the hot-selling device's reception and spurred speculation about a product recall.Analysts thought a recall unlikely but said the world's most valuable tech company needs need to move quickly to avert longer-term damage to its widely respected brand, which allows it to charge a premium for products like the iPad and iPod. The stock should recover on Wednesday, some said.
Consumer Reports said on Monday it could not recommend the iPhone 4 -- which sold 1.7 million units worldwide in its first three days -- after its tests confirmed concerns about signal loss when the device is held in a certain way.
