Apple's stock has plunged over 10% in after hours trading since Apple announced record and expectation beating 3rd Quarter results, currently sitting at just under $150 after closing at $166.49.
Apple's stock price is notoriously volatile after quarterly conference calls due in part to Apple's habit of understating estimates for future quarters which they routinely beat. In addition to a low forecast, Apple's gross margin was lower than the year ago's quarter.
3 posters
Apple Stock Plunges 10% After Earnings Released
blade- Apple I
- Posts : 4583
Join date : 2007-11-12
Age : 39
Location : Georgia
http://www.macrumors.com/2008/07/21/apple-stock-plunges-10-after-earnings-released/
krypto- Super Saiyan 4
- Posts : 2836
Join date : 2008-01-06
Age : 30
Location : Hoschton, GA
apple's stock seems like a roller coaster, it goes way down one day and it goes way up another day
blade- Apple I
- Posts : 4583
Join date : 2007-11-12
Age : 39
Location : Georgia
that's right. it seems that it's done that for years though
krypto- Super Saiyan 4
- Posts : 2836
Join date : 2008-01-06
Age : 30
Location : Hoschton, GA
yeah i know, remember when it was down to $50, now it's up to 166
blade- Apple I
- Posts : 4583
Join date : 2007-11-12
Age : 39
Location : Georgia
right, but it was over $200 at one point
krypto- Super Saiyan 4
- Posts : 2836
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Age : 30
Location : Hoschton, GA
yeah, it was, that was only like a few months ago
blade- Apple I
- Posts : 4583
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Age : 39
Location : Georgia
yeah i know
eragon- Apple I
- Posts : 4101
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bad
eragon- Apple I
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20:25 up 9 days, 8:51
eragon- Apple I
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eragon- Apple I
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20:56 up 9 days, 9:22
eragon- Apple I
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20:57 up 9 days, 9:23
eragon- Apple I
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20:58 up 9 days, 9:24
eragon- Apple I
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20:59 up 9 days, 9:25
eragon- Apple I
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21:00 up 9 days, 9:26
eragon- Apple I
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21:00 up 9 days, 9:26
eragon- Apple I
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21:01 up 9 days, 9:27
eragon- Apple I
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21:02 up 9 days, 9:28
eragon- Apple I
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21:03 up 9 days, 9:29
eragon- Apple I
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21:04 up 9 days, 9:30
eragon- Apple I
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21:05 up 9 days, 9:31
eragon- Apple I
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21:06 up 9 days, 9:32
eragon- Apple I
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21:07 up 9 days, 9:33
eragon- Apple I
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21:09 up 9 days, 9:34
eragon- Apple I
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21:10 up 9 days, 9:36
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