Apple Stock Sinks as Much as 6% in After-Hours Trading, Wipes Out $390 Billion in an Hour: Jim Cramer Says It's All 'Memory and Currency'
Apple shares fell sharply after supply concerns overshadowed an earnings beat, wiping out roughly $390 billion in market value.
Apple's stock price dropped a lot after the company reported good earnings, but investors worried about getting enough products to sell. When a company's stock price falls fast, it's worth paying attention to whether people are concerned about real problems or just reacting to short-term worry.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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