Sequence Inc. Fraud Files Blog

Today Apple Inc.’s shares fell $8.81 to $134.89… which lopped off over $7 billion in market value for the company. Ouch!

Apparently AT&T’s iPhone numbers aren’t supporting the 500,000-ish numbers that were thrown around the first weekend that the iPhone was sold. AT&T is the exclusive service provider for the iPhone, and you can’t use most of its features if you don’t activate it. So one is lead to believe that AT&T would have pretty reliable numbers on the device.

Well, AT&T is saying that only146,000 phones were activated that weekend. Of course, there were some problems with activations, and some users couldn’t activate until after the weekend, and those figures aren’t reflected here. Still, the numbers look bad for Apple and the stock market has spoken.

Apple is going to give more information on iPhone numbers in its third-quarter earnings report expected tomorrow.

How cool do I feel that I had already sold all my shares near the 52-week high… and bought some back this afternoon at a bargain???