Apple's iPhone defects wipe $23 billion off market value

Apple users who installed the 8.0.1 update reported they were unable to make calls (Photo: AP)

26 September 2014

Almost $23 billion has been wiped off the value of Apple as the technology giant’s shares fell 3% following the "bendgate" and iOS 8 bug double whammy.

Apple found itself in hot water after users who installed the 8.0.1 update reported they were unable to make calls and encountered problems using Touch ID on Wednesday.

The incident came just hours after angry Apple customers claimed their new iPhone 6 Plus had unintentionally bent from being carried in their pockets in what's now been dubbed "Bendgate".

Yesterday, the Cupertino-based giant insisted that the iPhone uses the strongest glass in the industry and steel and titanium inserts are placed in stress locations. Despite the social media outcry, Apple said only nine customers have contacted the company to report a bent iPhone.

An Apple spokeswoman said: "With normal use, a bend in iPhone is extremely rare and through our first six days of sale, a total of nine customers have contacted Apple with a bent iPhone 6 Plus."

The company has also been hit by two major PR disasters, including heightened security concerns about its iCloud after a series of nude celebrity photographs appeared online, and the U” free album debacle, which forced the company to introduce a removal tool for users who- as it turns out- do not like Bono.

Apple's iPhone defects wipe $23 billion off market value

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