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Thu Jan 24, 2013, 10:51 AM

Apple (AAPL) Shares Drop 10 Percent on Slowdown Worries [View all]

Source: ABC News

Apple stock (Nasdaq: AAPL) took a hit the morning after its first-quarter earnings were released, falling about 10 percent. Investors are worried that growth is slowing at Apple, the world's most valuable company.

Shares of Apple dropped $52 to $462 at 10 a.m. EST. The tech-heavy Nasdaq index, in which Apple trades, was also down 0.27 percent to 3,145.

On Wednesday after the market closed, the company reported that it sold 47.8 million iPhones in the quarter, compared with 37 million in the same quarter a year ago. Many investors had hoped that the company would sell 50 million iPhones, which drives Apple's earnings.

Read more: http://abcnews.go.com/Business/aapl-apple-shares-fall-10-percent/story?id=18302290



When AAPL was near $700 someone here thought it would increase 60% within a year. Never take stock tips from the internet.

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Reply Apple (AAPL) Shares Drop 10 Percent on Slowdown Worries [View all]
DesMoinesDem Jan 2013 OP
emulatorloo Jan 2013 #1
TM99 Jan 2013 #2
sir pball Jan 2013 #3
TM99 Jan 2013 #5
sir pball Jan 2013 #6
CountAllVotes Jan 2013 #8
TM99 Jan 2013 #11
emulatorloo Jan 2013 #20
TM99 Jan 2013 #22
SoapBox Jan 2013 #4
Xithras Jan 2013 #7
CountAllVotes Jan 2013 #9
dmallind Jan 2013 #10
CountAllVotes Jan 2013 #12
Xithras Jan 2013 #13
emulatorloo Jan 2013 #21
BadgerKid Jan 2013 #14
Canuckistanian Jan 2013 #15
fujiyama Jan 2013 #16
littlemissmartypants Jan 2013 #19
Joel thakkar Jan 2013 #17
littlemissmartypants Jan 2013 #18