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Apple stock plunges 12%
Jobless claims drop to five-year low * Apple shares drop a day after results.
Shares of Apple (AAPL, Fortune 500) plunged more than 12%, as investors grew skeptical about the iPhone maker's growth prospects. Despite reporting a record quarterly profit, Apple's forecasts showed signs of slowing consumer demand for its products,
He described the sell-off of Apple's stock as "dreadfully dramatic" but not surprising, given that people have such a visceral relationship with this company. "Is this a rational response?" Barber questioned. "That's hard to say." Hard because it's hard
Despite posting record results for the closing quarter of 2012, Apple's stock plummeted. Facebook was the most well loved mobile app in that same period.
After reporting record-breaking quarterly revenue and profit earlier today, Apple's stock has taken a 10% tumble in after hours trading. Apple
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