Holding the iPhone 4 affects the antenna, degrades cellular signal?

A growing number of iPhone 4 owners are reporting that holding the iPhone 4 has an effect on the signal strength of the handset. Multiple videos demonstrate this unusual behavior in which the iPhone, when held in the palm of one’s hand, will lose signal strength by going from 5 bars of coverage to no service in less than a minute. To reverse this loss, one only needs to put the phone down and the signal strength will be restored. Reports are also circulating in the forums with owners reporting this anomaly and suggesting the use of case may inhibit this disturbance in the antenna. Anyone else have this experience with their brand, spanking new iPhone 4? Hit the jump for a few videos demonstrating this loss of signal.

Thanks to all who sent this in!

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Tags: antenna, Apple, iPhone, Signal