UBS has come out positive on AAPL stock following CEO Steve Jobs' response to the iPhone 4 reception issue. With Apple offering free cases and an option for a full refund, UBS analyst Maynard Um believes Apple has made a good effort to resolve the issue without a massive hit to its bottom line. The cost of the free bumpers should result in a loss of roughly $.03 in the next quarter. Um calls that a minimal impact, especially considering that some forecasters believed a recall would have cost the company $1.5 Billion.
