After a disastrous discovery regarding a major software glitch in the iPhone’s signal-strength display, Apple announced to the international community that it plans to hold a press conference discussing the current generation of iPhone.

Friday marks the beginning of the discussion at Apple’s Cupertino headquarters where Apple spokespersons will address the delays in launching the software update tackling the glitch in iPhones regarding the bar measuring signal strength.

An Apple spokesman declined to discuss any further details of the conference.

Apple’s problems don’t end there. Consumer Reports’ product testers announced Monday that yet another hardware design flaw exists that causes calls to drop. This can easily be fixed by putting the phone in a case or using the universal fix-all, duct tape, to cover the gap between the phone’s two antennas; however, Consumer Reports refuses to commend the phone to consumers until Apple addresses this newest issue.

Apple denies that the iPhone 4 has any hardware flaws and declines to comment on Consumer Reports’ findings. Despite its faults, the iPhone 4 was Apple’s most successful product launch in its corporate history, selling 1.7 million phones in just the initial three days. The phone continues to remain unavailable in most retailers. Despite the damning findings by Consumer Reports, it still labels the iPhone the best smart phone on the market.

So when choosing your next smart phone, it may be essential to do a cost-benefit analysis deciding whether it’s worth the inconvenience of missed calls and software glitches to own the best smart phone out there.