Apple (AAPL): The iPhone Is Broken, Again

By Douglas A. McIntyre Updated Apr 27, 4:13PM EDT · Published Aug 28, 4:11PM EDT

Follow 24/7 Wall St. on Google

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Applelogo1_2 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

About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.