[Reuters] Apple shares slide by most in over four years on disappointing iPhone sales

Posted by: UGN Security

[Reuters] Apple shares slide by most in over four years on disappointing iPhone sales - 01/24/13 12:45 PM

(Reuters) - Apple Inc's shares fell by as much as 12 percent on Thursday, staging their biggest percentage drop in over four years and slicing more than $50 billion from the company's market value, as disappointing holiday-period iPhone sales reinforced fears it is losing its dominance in smartphones.