Apple Stock Takes Dive After Earnings Report (Down 10%)January 24, 2013 2 Comments
Aside from quick innocent digs at Apple, we really don’t cover actual Apple news and don’t trash Windows Phone competitors (usually). What happened last night and into this morning though was enough to cover at least a little bit on here because it does affect Windows Phone in the short and long term.
After Apple held their First Quarter Fiscal Year 2013 earnings release conference , their stock which was already spiraling down in the last couple of months, took a turn for the worse. As they announced their ‘record’ numbers, they also missed Wall Streets predictions and investors sold the stock like they were engulfed with flames.
As of now the stock stands at $460.63, down $53 from the previous close.
Apple, welcome back to earth!
Source: Yahoo Finance