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Journal" report saying engineers for apple warned the company this problem existed. >> yes, absolutely. he said some of those reports are, quote, in his words, total crock. he said a lot of misinformation is getting out there. but he acknowledges that they knew about this problem, but they just which you could it up to, well, it's a problem that all smart phones have, so they didn't think it was a big deal. >> gina kim live for us, thank you so much. lots bre in david, executive editor of cnet.com. so help us understand here, david, is this a big deal or not? steve jobs says only 1 in 200 user...

>> rick: welcome back, the initial mad rush to get the fourth generation iphone is over and so, now this people, not me, i have the old one, now that some people have had a chance to see how it performs, how does it stack up against other smartphones. >> juliet: consumer resource is here to break the down, good to -- "consumer reports" is here to break it down, good to have you here, he has the old thing! >> from last year! >> throw it away! >> is that the 3gs. >> rick: yes. >> you will most of the features if you get the free update. >> rick: i did. away ahead of you. >> you have most of the ...

Analysts say that apple will sell 1 million of the new iphones today. apple has said 6,000 preorders ahead of today's official launch. this phone, essentially, available today nationwide and in five countries as of today. so, there is enormous hype. we're seeing this play out with the company's financials and the stock has been going crazy and everybody wants to get their hands on these phone as quickly. >> why, why, why is it really that much better? why? >> you have to understand the mac and apple community to understand why. i can tell you the differences between the iphone 4 and its predec...