Apple
Jul 26, 2008
Apple Gets Pummeled after 31 Percent Profit Performance: Fear is Ruling the Market
The response by shareholders to the 31 percent profit Apple enjoyed for the fiscal third-quarter, underscores the fear permeating the market. Some have said that the reason for the stock plunging was the soft guidance released for the fourth quarter by Apple, but anyone that understands anything about Apple knows that this is a expectations management tool that they have used for years.
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