Why Apple’s stock fell off a cliff today

{rss:content:encoded} Why Apple’s stock fell off a cliff today http://ift.tt/1VR7h4j http://ift.tt/1qRxn9C April 27, 2016 at 12:37AM  Apple took a more than $40 billion hit today after reporting its second-quarter earnings — and it was bleak. Shares of Apple were down more than 8% in extended trading today at one point. Things went about as poorly as you could expect: the company couldn’t hit revenue or earnings targets, iPhone sales fell off a cliff from the year ago quarter, and its third-quarter guidance… Read More