After Hours

After reporting record-breaking revenue, profit, and iOS device sales, Apple’s stock is down over 10 percent in after-hours trading (which is often more volatile than regular trading), which makes sense because, uh…, because after hours investors are a bunch of idiots? I give up.

For perspective on how much 10 percent of Apple’s market value is, Tom Gara tweets:

Apple’s market value has fallen by the combined market value of two Nokias plus two RIMs in the hours since its results came out.

Wednesday, 23 January 2013