iPhone 5 Released Amidst Consumer Concerns

AAPL: Not all is well in Cupertino, CA. Apple Inc. recently released their infamous and highly anticipated iPhone 5. With all the great new features and increased processing speeds the new Apple Maps app is under great scrutiny. The major issues are that the app often displays shops and restaurants streets away from their true location, important sites including some train stations are missing, and the search function appears unable to understand simple requests—essentially the app is unreliable and inaccurate. Many workers close to the case think that Apple placed its rivalry with Google ahead of its focus on iPhone customers. Apple has reassured customers that the product is in its infancy and will continue to improve. The issue with this is theory of improving with consumer feedback goes against Apple’s confirmed identity of producing products that are extremely user friendly. Could this yield an identity crisis? Only time will tell.
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Zachary Zarnik 

Apple Releases iPhone 5; Stocks Soar

Apple’s stock continues to soar days after the release of the iPhone 5 specifications, reaching an all time high of $696.98 on Friday, raising the formidable stock three percent in two trading days. The technology giant will begin selling the iphone in stores on September 21 in nine countries and 22 more on September 28. Apple plans to build on the iPhone hype as it gears to launch the newest iPad next early next month. The iPhone 5 sports a 4-inch retina display, 4G LTE, a metal rather than glass back, and is 20 percent lighter than its predecessor. The company started taking orders for the iPhone at midnight pacific time and sold out of all pre-orders in an hour. Bloomberg has forecasted the sales of nearly 48.2 million units by the end of December with other analysts hovering around 42-46 million and have calculated a target price of $775 for Apple. Though some grant the rise in Apple’s stock with the demand for the iPhone 5, analysts contribute part of the rise of Apple’s stock price to Bernanke’s Federal Reserve package.
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Editorial Staff