AAPL Stock Weekly Outlook: Apple unveils Q3 numbers, increases R&D and more
Submitted by Jon Reed on
Apple (NASDAQ: AAPL) released its third quarter results shortly after the closing bell on Tuesday. Share prices proceeded to plummet nearly 7% in after hours trading (the drop off actually began shortly before the earnings call) even though it was yet another record breaking quarter for the Cupertino giant. After closing Tuesday at $130.75, prices opened Wednesday at $121.99. They recovered a little bit during large volume trading on Wednesday, closing at $125.22, and closed the week at $124.50.