journal: mac

Apple stock takes pounding despite record earnings

Ouch.

Despite announcing their largest second quarter earnings in company history and massive year-over-year increases in unit sales, Apple’s stock sunk like the Titanic. On Thursday, shares of Apple tumbled 9.2% under extremely heavy trading volume.

US stock markets were down as a whole Thursdays, on worries of an overall economic slowdown.

Deep Thought’s take: Good luck, investors. Hopefully things look up soon.

Note: the author does not own Apple shares, nor shares in any other stock.

More Info

The Mac Observer article



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