Down another 2% today. It's way past ridiculous.
At this point, it is incumbent upon Apple's senior management to come out and address it in some measure, with a public statement. I can't recall such a precipitous drop occurring since Jan 2007 (iPhone intro).
I also reiterate that a massive share repurchase might be in order (along with -- even if it's cosmetic -- a stock split, as others have pointed out).
I predict a major roasting -- or shall I say, management getting 'Cook'ed -- at the upcoming shareholder meeting.