After 10% stock decline, Apple is now worth less than Google parent Alphabet

If there is one thing that Wall Street loves, it is predictability. So when year-after-year-after-year Apple continued to meet or exceed its own expectations for iPhone sales, the stock kept rising. But if there is one thing that Wall Street hates, it is a nasty surprise. So when Apple announced yesterday after the stock market closed that lower than expected iPhone sales in China would lead to lower than expected fiscal first quarter revenue, the stock was pounded. Hard. First in after hours trading, and then this morning.
With Apple’s shares down nearly 10% today …

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