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AAPL Down 15% From Highs - Worst Drop In 30 Months

Apple is now down 15% from record highs as "no brainer" investors begin to question their faith in its China prospects. This is the biggest drop since January 2013 and overall AAPL is now almost unchanged on the year...AAPL has lost $27bn market cap today.. a TWTR or a LNKD

Biggest drop since Jan 2013...

 

As investors pile out post-earnings...

 

leaving AAPL nearly unch YTD...

 

And as Nanex notes, it appears the market is about to break (again)...

Statistical anomaly with SIP microsecond quote stamps. Something's wrong here: pic.twitter.com/zo6WyUmoVd

— Eric Scott Hunsader (@nanexllc)

 

Charts: Bloomberg