Legendary horror film director Wes Craven has made movies less gruesome than today's performance by AAPL on Wall Street.
One day removed from the company's holiday quarter earnings report, shares of the Mac maker have tanked by more than $50, trading perilously close to $450 - a devastating level given the stock's record-high price of $700 just three months ago.
On Wednesday, Apple revealed earnings of $13.1 billion on record sales of 47.8 million iPhones, 22.9 million iPads and 4.1 million Macs. Revenue also climbed 18% to $54.51 billion, although analysts had expected $54.73 billion.
"It's just not fair" how investors are treating Apple, CNBC's Jim Cramer said Thursday, a day after Apple reported earnings that beat Wall Street estimates but saw disappointing revenue numbers.