As soon as Apple’s fiscal first-quarter numbers hit Wall Street Wednesday,
its stock dropped.
Thirty minutes into the after-hours conference call it was down 8% to
under $475 after losing 30% of its value since it hit a $705 all-time high in
September and was roundly cheered as the most valuable company on earth.
Fifteen minutes later it was down 10% to $462 and change. By the end of
the call it was grazing the other side of $460, down 11%.