Apple Shares Fall 10% In After-Hours Trading, Biggest Drop In 1578 Days

view story

http://techcrunch.com – Apple just announced its Q1 2013 earnings, and investors don’t seem to be convinced. The company missed on revenue and exceeded expectations on earnings per share. After a solid day of trading for Apple shares (NASDAQ:AAPL), the stock dropped more than 10 percent in after-hours trading, inducing a big market capitalization meltdown. It is the biggest drop of the past four years for Apple shares. At that time, Reuters reported that Morgan Stanley had cut its price target to $115 from $178. Apple shares have taken off since 2008. As I previously wrote, Apple suffers from a lot of uncertain (IT news)