Hasbro reported slower sales in the first quarter and a bug profit drop due to increased product development spending, which the company says will contribute to plans for a stronger presence in television and to expand more in emerging markets.

FORBES: Product Spending And Weak Sales Send Hasbro Profits Down 71%

Instead, Apple said, the apparent drop-off in reception was actually the result of a software bug that caused the phone to display more signal-strength bars than it should have.

ENGADGET: Senator Chuck Schumer writes open letter to Steve Jobs, world is officially doomed