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January 02, 2011, 4:58 PM EST
By Jae Hur and Nancy Kercheval
(Adds stock information in the last paragraph.)
Jan. 2 (Bloomberg) -- IPhone users counting on the device to wake them this weekend got a surprise as the Apple Inc. gadget’s alarm-clock system failed for a third time.
A fault may prevent one-time alarms from working on Jan. 1 and 2, the Cupertino, California-based company said in a statement yesterday. Recurring alarms will still function on those dates and all alarms will operate from Jan. 3, according to Apple, which is the world’s third-most valuable publicly traded company.
Trudy Muller, a spokeswoman, declined to comment beyond the company’s statement.
A defect caused some iPhone alarm settings in Europe to go off an hour late on Nov. 1, failing to adjust automatically to the change as most countries in Europe switched to standard time from daylight savings. Similar problems affected iPhone users in Australia and New Zealand in September, causing their alarms to go off an hour early in the Southern Hemisphere, according to AppleInsider.com.
Apple shares climbed 53 percent in trading in 2010, following a 147 percent surge in 2009.
The stock closed at $322.56 on Dec. 31, giving the company a market value of $296 billion, making it the third most- valuable in the world. That’s behind only Irving, Texas-based Exxon Mobil Corp. and Beijing-based PetroChina Co., according to data compiled by Bloomberg.
--With assistance from Sophie Leung in Hong Kong and Christine Harper in New York. Editors: Joanna Ossinger, Sylvia Wier.
To contact the reporters on this story: Jae Hur in Tokyo at jhur1@bloomberg.net; Nancy Kercheval in Washington at nkercheval@bloomberg.net.
To contact the editor responsible for this story: Paul Tighe at ptighe@bloomberg.net
Online Business Consulting | Internet Business Consulting
(Adds stock information in the last paragraph.)
Jan. 2 (Bloomberg) -- IPhone users counting on the device to wake them this weekend got a surprise as the Apple Inc. gadget’s alarm-clock system failed for a third time.
A fault may prevent one-time alarms from working on Jan. 1 and 2, the Cupertino, California-based company said in a statement yesterday. Recurring alarms will still function on those dates and all alarms will operate from Jan. 3, according to Apple, which is the world’s third-most valuable publicly traded company.
Trudy Muller, a spokeswoman, declined to comment beyond the company’s statement.
A defect caused some iPhone alarm settings in Europe to go off an hour late on Nov. 1, failing to adjust automatically to the change as most countries in Europe switched to standard time from daylight savings. Similar problems affected iPhone users in Australia and New Zealand in September, causing their alarms to go off an hour early in the Southern Hemisphere, according to AppleInsider.com.
Apple shares climbed 53 percent in trading in 2010, following a 147 percent surge in 2009.
The stock closed at $322.56 on Dec. 31, giving the company a market value of $296 billion, making it the third most- valuable in the world. That’s behind only Irving, Texas-based Exxon Mobil Corp. and Beijing-based PetroChina Co., according to data compiled by Bloomberg.
--With assistance from Sophie Leung in Hong Kong and Christine Harper in New York. Editors: Joanna Ossinger, Sylvia Wier.
To contact the reporters on this story: Jae Hur in Tokyo at jhur1@bloomberg.net; Nancy Kercheval in Washington at nkercheval@bloomberg.net.
To contact the editor responsible for this story: Paul Tighe at ptighe@bloomberg.net
Online Business Consulting | Internet Business Consulting