Apple Inc (AAPL) Stock Rises Again Despite Bendgate, iOS 8 Bugs; Samsung Stock At Two-Year Low

Apple Inc (AAPL) stock has recovered from its recent decline after the "Bendgate" issue as it climbed once again to the $100 mark at $100.44 as of Sept. 26. Apple shares were up 2.6 percent following the drop in price when news of a bending iPhone 6 Plus took the Internet by storm.

Reports said investors are closely watching the stock and remains hopeful that the recent iPhone controversy will not affect iPhone sales in Europe as Apple's new smartphones began selling in retail stores. Apple shares were down on Sept. 25 by 3percent. It was not a good week for Apple after the company quickly pulled out its "epic fail" iOS 8.0.1 software update and circulating reports of the new iPhones bending in people's pockets.

Apple tried to counter #Bendgate by inviting some members of select media inside its secret testing lab where the company subjects all its products to extensive "stress tests." The Cupertino-based tech giant claimed it had tested 30,000 iPhone 6 units inside the facility and reported that out of the millions of customers who bought the new iPhones, only nine people had actually filed a complaint. Apple had previously released an official statement and said the bending iPhone 6 Plus were "extremely rare" cases. As for the botched software update, Apple has released iOS 8.0.2 to fix the bugs caused by the earlier version.

Despite the public relations nightmare Apple had the past week, long lines still formed outside retail stores in 22 countries including Russia, Saudi Arabia, United Arab Emirates and New Zealand. In a Bloomberg report, 451 research analyst Carl Howe said people who want to have Apple's new iPhones are going to buy them regardless the current news. If some do not like the device, he said those who bought or preordered the device will not have a problem reselling them.

Meanwhile, previous reports indicate that Samsung, one of Apple's rivals in the smartphone market, has seen a 16 percent decline of its share price in the year due to intense competition from Apple and other cheaper Chinese mobile manufacturers. Samsung stock price is currently at a two-year low. According to data compiled by Bloomberg, the proportion of analysts that gave Samsung a "Buy" rating is at its lowest since 2009. The South Korean company that popularised the "phablet" has a sinking market value at $29 billion as it continues to lose its market share.