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You have probably hear or read about the iPhone 4 Antenna issues since the release yesterday reports have been flooding in around the globe. According to Apple Insider Apple plan to release iOS 4.01 on Monday which should address the issue.

Readers report that Apple’s tech support forums originally confirmed that a iOS 4.0.1 software fix addressing the issue would ship early next week (as early as Monday), before the comments were subsequently taken down along with all the other related discussion about the matter.

The fix is expected to address a issue in iOS 4 related to radio frequency calibration of the baseband. Readers who saw the original forum discussions say that the issue is believed to occur when switching frequencies; because the lag is allegedly not calibrated correctly, it results in the device reporting “no service” rather than switching to the frequency with the best signal to noise ratio.

Source [Apple Insider]