It has been a less than joyful week
for Apple. By the close of the day on
Thursday, the company’s shares had fallen by more than three percent. This
descent in shares wiped close to $23 billion off of Apple’s overall stock
market value (YIKES). Well, it’s all due to the release of the long-awaited
iPhone 6 and iPhone 6 Plus, along with iOS 8.
The PR nightmare has slowly started
ascending upon Apple ever since the iCloud hacking in August, which resulted in
the release of several celebrities’ nude photos. Then came the unexpected
download of the new U2 album, which surprisingly enough, not everyone wanted in
their music library! Shocker. It
all snowballed out of control when reports of a very glitchy iOS 8 and an
unusually bendable iPhone 6 surfaced. Now being dubbed as Bendgate and iOSgate,
it’s needless to say that Apple has a lot on its plate at the moment. The PR
nightmare has officially come to life.
Apple has taken several steps to correct the wrongs, but according to the
three percent drop in share, it’s not enough. Apple did do one thing right; it
pulled iOS 8 within the first hour of the release so that it could fix the bugs
on the operating system. The tech giant has now released iOS 8.0.2, which has
reportedly fixed the bugs that were in the previous version. Apple did not
address the case of the bending iPhone, however, until a week after the story
surfaced. This is a HUGE mistake on Apple’s part, in my opinion. Instead of
apologizing for selling iPhones that bend, Apple defended against these reports
by saying that warping is “extremely rare” through normal use. Granted, there
are only nine reported cases of an iPhone bending, but Apple is essentially
saying that it knows that it’s a problem and that it isn’t going to do anything
to solve it.
I don’t know about you, but I don’t want my phone to bend and break. Let
alone a phone I’m paying upwards $600 for. Luckily, I am not someone that has
purchased an iPhone 6, but if I had, I would be extremely upset over the
matter. Apple is unknowingly sending the message that it simply does not care
about a possibly huge problem with its product.
Unfortunately for Apple, the damage
is done. When it comes to crisis management, the company’s response must be
immediate. The weeklong response only added fuel to the fire. Additionally, if
more reports of bent iPhones come in, they will have no choice but to fix it.
This will make Apple look like a hypocrite, which is not a good look for any
company. The company essentially tainted its own credibility by ignoring the
problem, and Apple shareholders see this.
The PR team at Apple has a lot on
their hands this upcoming week. If it does not reverse the negative attention
that Apple has been receiving this past week, shares could possibly dip even
further. I think we can all agree that this outcome would be no bueno for
everyone.
I like Apple, and in no way is this
a hate on Apple post, but it’s a clear cut example of how bad PR can instantly affect
a company, no matter how big it is.