Apple’s stock slid on Wednesday following the company’s fiscal Q3 earnings report late Tuesday. Shares opened at $122.05 — more than $8 down from Tuesday’s closing price of $130.75 — but inched upward to close the day at $125.22. Analysts were atwitter over the quarterly results, some implying they heralded big trouble in little doses for Apple. However, others insisted there was no basis for the fuss. Shareholders apparently were concerned by iPhone sales that missed some analysts’ estimates.
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Apple's Tumble: Trouble in Paradise?
Posted by: Richard Adhikari July 22, 2015 03:41 PMApple’s stock slid on Wednesday following the company’s fiscal Q3 earnings report late Tuesday. Shares opened at $122.05 — more than $8 down from Tuesday’s closing price of $130.75 — but inched upward to close the day at $125.22. Analysts were atwitter over the quarterly results, some implying they heralded big trouble in little doses for Apple. However, others insisted there was no basis for the fuss. Shareholders apparently were concerned by iPhone sales that missed some analysts’ estimates.