Hard to believe, but $30 billion is the value that was wiped off Apple’s market value in the few hours after CEO Tim Cook unveiled the latest iPhones and the company’s “next big thing,” its Apple Watch. At 1.58 pm on Tuesday, moments before the big Apple event began, the shares were as high as $102.91. By the afternoon’s close they were down to $97.99, a loss of $4.92. As there are six billion Apple shares in circulation the fall in price amounts, in round numbers, to $30 billion – more than the entire market value of a lot of major companies. The cause of the fall was disappointment at the new iPhone and the new ... (full story)