Apple’s Share Price Goes Down Since iPhone5 Debut

iphone 5

 

“…shares of Apple (AAPL) ended down 2.4% at $439.88 apiece, reducing its market cap to below $414 billion. It’s also less than Exxon’s $416.95 billion (XOM) market cap, returning the oil giant to its longstanding No. 1 spot as the world’s most valuable company less than a year after Apple grabbed the title.” (Matt Krantz)

Because of this, they have cut their orders for the screen they use for the iPhone5 while Samsung has already sold its 100 millionth Galaxy S. “The Nikkei share average extended losses after three days of declines, with Japanese parts suppliers for the iPhone in the spotlight after Apple announced disappointing sales figures for the smartphone. The Nikkei slipped 0.3 percent to 10,456.41 while the broader Topix dropped 0.6 percent to 882.12.” (Reuters)

Though people were waiting for the iPhone5 with bated breath, people were no thoroughly impressed when it was released, with the only major difference being the device’s size and weight. It was also under fire for getting rid of Google Maps and replacing it with the disastrous first version of Apple Maps. There are also some other glitches that were commonly reported with the iPhone5. Here are the most common ones, taken from Digital Trends:

  • Reports of the iPhone 5’s anodized aluminum casing getting scratched and scuffed very easily started to emerge quite quickly after the launch. A number of people found the coating was easily scratched off around the edges and chipped on the back panel, revealing the silver aluminum beneath. There were also reports of iPhone 5 units being scratched right out of the box.
  • The camera on the iPhone 5 is supposed to be the best yet, but many users have reported a strange purple glare. The effect seems to rear its ugly head when there is a strong edge or out-of-scene light source. The standard lens flare effect we’re all used to seems to have a purple hue when using the iPhone 5 camera. 
  • A few people reported that light was leaking out around the power connector on the white iPhone 5. It’s not really noticeable unless you are in low light or dark surroundings, but it is a flaw.
  • A number of people reported a rattling noise coming from inside their new iPhone 5 when lightly shaken. Apparently in the rush to meet demand some iPhone 5 units shipped with a battery that was not properly set.
  • There have been several threads in the Apple and Verizon forums about a bug with the date and time incorrectly updating on the iPhone 5. Some users reported that the device was losing minutes, but others complained of it being hours out of sync and even changing the date by several days.
  • Reports of an intermittent screen flicker on the iPhone 5 have also been pretty common. This glitch most frequently appears on the virtual keyboard in the App Store when users go to enter their password to purchase an app. It turns up as flickering lines across the bottom of the screen over the keyboard, but it’s relatively minor.
  • A few complaints have come in that the iPhone 5 touchscreen is randomly dropping touch input when a finger is dragged forwards and backwards diagonally across the display. Some people have even reported a completely unresponsive touchscreen or the screen going blank for a few seconds. There have also been complaints about the touchscreen registering touches when the user hasn’t touched that part of the display. While this doesn’t seem to be a widespread issue it is clearly a pretty extreme problem. 

Apple was the leader of the smartphone market since the 2007 launch of the iPhone but Samsung has managed to catch up, especially in recent years. The S series of Samsung took only three years to amass 100 million units sold, as compared to Apple’s iPhone, which took close to four years. Despite the slump for Apple, both companies are now leading in the smartphone industry.

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