Why Apples Stock is Tanking Even After It Reported Record Revenues

Apple reported record revenues on Wednesday of $54.5 billion in the December quarter. So naturally Wall Street responded by calling Apple a "broken company" and sending the stock's price down by about 11% in pre-market trading, effectively shaving off more than $50 billion from the company's market cap.

If that sounds a little counter-intuitive, don't worry: you're probably not alone. In a nutshell, the disconnect boils down to a difference between what Wall Street focuses on and what Main Street focuses on.

For the average consumer, what might stick out in the report are numbers like 47.8 million iPhones sold (a new record), 22.9 million iPads sold (a new record), $54.5 billion in qua…
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