Boston, MA 10/31/2013 (wallstreetpr) – Apple Inc. (NASDAQ:AAPL) designs, manufactures and sales mobile communication devices, portable computers and related software. The company has a portfolio of professional and consumer products and services which include iPad, iPod, Mac, Apple TV and iPhones. It recently launched an upgraded version of its iPad line called iPad Air which features enhanced capabilities. The company’s iPhone line include iPhone 5C and 5S, with iPhone 5S being the latest of its smartphone devices.
Although iPhone 5S was supposed to have a longer life battery than the previous model, some handsets have been identified with battery problems. The company has also confirmed these claims and has promised a recall and replacement for the affected customers. However, it maintains that the manufacturing defect affects a very limited number of the iPhone 5S. The defect noted on the devices caused the battery not to last as they should, or take longer to charge. Basically, the company did not provide a specific number of affected devices, but considering that the company sold over 9 million iPhones (both iPhone 5C and 5S) over their launch weekend, it is possible a few thousand phones might bear the defect. This is not the first time Apple is having battery problems with its devices. It recalled certain laptops in 2006 due to some of the barriers being explosive.
Apple has continued to increase its production of the iPhone 5S device to meet the bulging demand. The device has been said to be at least 2.5 times more popular than its iPhone 5C which is less expensive. However, as iPhone 5S gains popularity, it’s also leveraging 5C thus pushing Apple’s average smartphone segment business higher.
Despite the firm’s admittance that its iPhone smart-device is having battery problems, its performance at the NASDAQ browser remained strongly north, gaining $8.22, or 1.59% to close $524.90 on Wednesday. The company has a market cap of $471.99 billion.
