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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.
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