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JAN 23, 2013 - BetaNews

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What's behind the big Apple sell-off?

Investors gutted Apple in after-hours trading today, following somewhat mixed fiscal first quarter 2013 results. As someone who owns no stock, I cock my head in wonder. Apple revenue for a single quarter topped Google for all 2012 ($54.5 billion and $50.18 billion, respectively). The fruit-logo company generated $13.06 billion net quarterly profit. But there's a brutal bloodbath underway as I write. Apple is down 10.72 percent, to $458.90, in after-hours trading. That's from the close of $514.01. So what's the problem here? It's a sum of many that creates nervousness about the long-term. I ... Read More

Tags: What's behind the big Apple sell-off?,  Google Latest News