Re:Apple Reports Third Quarter Results
by btilly on Wednesday July 25, 2012 @12:06AM
(#4289317)
The market was trading on a belief that Apple's numbers would be about $2 billion higher than they were. Therefore the stock will fall as people digest the number and re-evaluate where Apple should be trading.
Since they reported numbers that were in the neighborhood of 6% below what was expected, their stock fell about 6%. Which is a pretty large drop.
Since they reported numbers that were in the neighborhood of 6% below what was expected, their stock fell about 6%. Which is a pretty large drop.