Analyst: iPhone 4 recall would cost Apple $1.5 billion
If — and it’s not going to happen, in my humble opinion — Apple did recall the iPhone due to its reported antenna/reception issues, it would cost the company US$1.5 billion, according to Bernstein Research analyst Toni Sacconaghi.
That’s 3.5% of the company’s total, on-hand cash. However, even Saccogaghi says such a recall is highly unlikely.
Read More