Analysts: Antennagate?  Puleeze, Antennagate is sooo over

“Apple Inc. reported results that blew past Wall Street’s expectations, boosted by robust sales of Mac computers, sending its shares 3 percent higher,” Carolina Madrid, Sue Zeidler and Matthew Lynley report for Reuters. “Apple’s stellar financial performance in the June quarter helped ease investor fears, and may silence a chorus of critics who have been hammering the company over its handling of the iPhone 4 “Antennagate” controversy revolving around complaints about signal loss on the new gadget.”

Some more analyst reactions:

• Ashok Kumar, Analyst With Rodman and Renshaw: “The iPhone 4 has been in a class by itself in terms of volume. Looking ahead with multiple carrier agreements, the story remains intact. The primary driver will be the iPhone.”

• Brian Marshall, Analyst, Gleacher & Co.: “The Antennagate problem, that’s gonna go away very quickly. I don’t think it’ll have a lasting effect.”

• Yair Reiner, Analyst, Oppenheimer & Co Analyst: “These are astounding numbers and even more astounding guidance. This is one of the few times in recent memory that Apple’s guidance has been ahead of the Street — at a time when investors were getting concerned the iPhone 4 antenna issues could hamper sales. Apple’s sending a strong signal it sees things differently.”

Read more in the full article here.

MacDailyNews Take: Antenna FUD fails. Again:

Additional testing of Apple iPhone’s 3G antenna again shows completely normal results – August 27, 2008
Apple iPhone 3G antenna test verdict: completely normal – August 25, 2008
Apple hit with lawsuit over iPhone’s 3G speed and reliability – August 21, 2008
• Apple: iPhone 2.0.2 Software Update ‘improves communication with 3G networks’ – August 20, 2008
• Apple releases iPhone, iPod touch 2.0.2 Software Update – August 18, 2008
• Steve Jobs: iPhone 3G reception issues affect 2% of total units shipped; software update coming soon – August 18, 2008
• iPhone 3G reception issues could be fixed via firmware update as early as this week – August 18, 2008
• WSJ: Apple preps software fix for iPhone 3G reception issues reported by some – August 15, 2008
• ABC News, Associated Press propagate iPhone FUD – August 15, 2008
• Nomura analyst Richard Windsor and his extraordinary knack for sniffing out Apple iPhone ‘issues’ – August 14, 2008
• Software fix on the way for iPhone 3G reception glitches – August 14, 2008
• Aussie telco source blames Apple secrecy for iPhone 3G reception issues – August 13, 2008
• Apple and AT&T investigating reports of iPhone 3G connection issues – August 12, 2008

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.