Market News Update: Apple (NASDAQ:AAPL), IBM (NYSE:IBM), Coke (NYSE:KO), Boeing (NYSE:BA)


Apple Inc.'s (NASDAQ:AAPL)  CEO Steve Jobs is responding to growing complaints about the latest iPhone by declaring, "We're not perfect."  Apple Inc. has been beset with complaints from buyers of its iPhone 4 that holding the phone with a bare hand can muffle the wireless signal. The problem has been termed the "death grip." At a news conference, he declared, "This is life in the smart phone world. Phones aren't perfect, and it's a challenge for the whole industry." He continued, "We're all doing the best we can, but every phone has weak spots." -Yahoo

IBM (NYSE: IBM) today announced that industry analyst firm International Data Corporation (IDC) has ranked it the worldwide leader in the middleware software market.   According to IDC, IBM was the leading worldwide application deployment software vendor with 31.9 percent market share based on revenue, nearly double that of its closest competitor.  The study revealed that IBM's middleware business grew 4.7 percent year over year, more than double the rate of the overall market, which grew at 2.2 percent to more than $14.8 billion. This marks the tenth consecutive year that IDC has named IBM as the market share leader in the worldwide application deployment software market. –PRNewsWire

The first goal scored in the 2010 FIFA World Cup™ resulted in a flamboyant display of dance by the host nation team that today was chosen by fans around the world as the most iconic goal celebration of the tournament earning Bafana Bafana’s goalscorer Siphiwe Tshabalala the first ever “Coca-Cola Celebration Award” - The Coca-Cola Company (NYSE:KO).  Football fans from around world were invited to re-live the ecstatic goal celebration moments of the 2010 FIFA World Cup and decide the winner of the first ever Coca-Cola Celebration Award through an online vote. It was Tshabalala’s goal that started the entire celebration in South Africa and led to an impressive group dance that captured fans’ attention as the best of the FIFA World Cup. –BusinessWire

The Boeing Company’s (NYSE:BA) 787 Dreamliner, now more than two years behind schedule, will be at center stage when the curtain lifts on the aerospace industry's Farnborough Airshow next week. After years of embarrassing delays, doubts linger about whether Boeing, the world's No. 2 plane maker, can get the 787 through its rigorous testing schedule and out the door in time for its first scheduled delivery by year's end. Those doubts got new life this week as Boeing warned on Thursday that problems with instrument configuration and inspection work could delay first delivery to early 2011. Boeing stressed, however, that it still intends to get the first 787 to Japan's All Nippon Airways (9202.T) this year. Still, many aerospace watchers said the possibility of another delay would probably not harm Boeing over the longer term. -Reuters

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