According to a NY Post report Wall Street is worried that Apple’s rotten quarter is about
to get worse. With the stock down 30
percent in little more than three months, investors fret that the former tech
darling will post a miss when it releases results later this week.
Apple’s stock has fallen as low as $498.51 from a high of
$702.10 in September, wiping out some $200 billion in market value. If Apple’s
earnings for the crucial holiday quarter come up short on Wednesday, the shares
could fall even lower.
Cracks are starting to show at the once impenetrable
company. A flawed mobile maps service, a lull in innovation, excess spending on
new products and smaller profit margins have weighed on the stock….
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