Voluntary Recall, Refunds likely for iPhone 4 | Buzz Biz News

Voluntary Recall, Refunds likely for iPhone 4

Though reports have indicated Apple will not initiate a full recall of the iPhone 4 at its press conference today, some prominent Wall Street analysts believe Apple could institute a “voluntary” recall, or refund dissatisfied owners the full purchase price.

Reports from both The Wall Street Journal and The New York Times on Thursday indicated that Apple will not institute a full recall of the iPhone 4 at its press conference today, scheduled for 10 a.m. Pacific Time, 1 p.m. Eastern. The Times also suggested that the widely reported antenna issues with the iPhone 4 have been a longstanding problem with both the hardware and software found in all iPhones, and could be remedied with a software fix.

With a full product recall apparently off the table, Wall Street analysts weighed in at the last minute on Friday, to share what they think Apple will reveal at the press conference on its Cupertino, Calif., campus.

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