"I'll leave it to the analysts to explain why Apple's stock went down 8% today," David wrote on Tuesday, the day after Apple (AAPL) turned in the fourth highest quarterly earnings ever reported.
It was Apple's fifth $10-billion-plus quarter in three years. Only oil and gas companies make that kind of money, and they haven't seen $10 billion quarter since 2011.
So what about David's question? Why did the stock drop 8% Tuesday?
I suspect part of the the answer can be found in the geometry of those five red bars. Apple is reporting record earnings, but Wall Street is looking for earnings growth.
CORRECTION: An earlier version of this story had the order wrong. Q1 2014 was the fifth biggest quarter of all time, $6 million shy of the previous year's $14.078 billion.
It was not owned by a professional ball player. It was not sold by Sotheby's. It did work.
FORTUNE -- A rare working Apple 1 sold at auction Saturday for a record $650,000, according to the BBC, $668,000 according to the Associated Press, and $671,400 according to the Voice of America. (Actual price: 516,000 euros including all fees and taxes, according to the auctioneer, or $667,472 at Saturday's exchange rate.)
Engadget said MOREPhilip Elmer-DeWitt - May 26, 2013 7:33 AM ET
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