Here's Why Apple Lost $60 Billion on Record iPhone Sales | TIME

TIMEHere's Why Apple Lost $60 Billion on Record iPhone Sales | TIMETIMEOver the last three months, Apple grew its revenues by 33%, saw its profits increase by 38% to $10.7 billion, put away more than $202 billion in cash for a rainy day — and yet lost more than $60 billion in market value in just three minutes on Tuesday.Apple posts record third-quarter as iPhone sales surge - BBC News - BBC.comBBC NewsApple Relies on iPhone for Share Recovery (NASDAQ: AAPL) - 24/7 Wall St.24/7 Wall St.Apple IPhone Shipments, Revenue Forecast Miss Estimates - Bloomberg BusinessBloombergWall Street Journal -CNNMoneyall 1,480 news articles »