Apple (AAPL): The iPhone Is Broken, Again

If there are any more bugs or flaws in the new Apple (AAPL) 3G iPhone, the company’s investors are going to start to notice.

According to MSNBC, "A security flaw in Apple Inc.’s iPhone allows unauthorized users to gain easy access to private contacts and e-mails even when the device is locked." Getting in is apparently easy even for a child.

Wall St. is starting to get worried about Apple. While Mac sale seems to be slowing slightly, the company is counting on the iPhone being a big deal as it is released in a number of large countries including China, India, and Russia. But, people hate to buy things that they hear don’t work.

The market is already being unkind to Apple. Its shares are down about 12% this year, roughly the same as the Dow. Since Apple is supposed to be the King and Queen of tech wrapped up in one entity, how could investors be so cruel?

They must think Apple’s best days are behind it.

Douglas A. McIntyre