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"Einhorn's comments come amid a steep decline for Apple shares in the wake of what many view as a disappointing fiscal quarter. The company has shed tens of billions of dollars in market capitalization since revealing its second-quarter earnings, which were off nearly $8 billion year-over-year."
Earnings (profits) were not down 8 billion year over year. They are however down ~8 billion from last quarter which was the highest in all of worldwide corporate history.
I find it interesting that the aluminum appears to have melted. It was reported that Apple was using a 7000 series aluminum. A common series is 7075 which is solidus at 890 degrees F and liquidus at 1175 degrees F. It seems unlikely that a short in the battery would produce these temperatures. Could we be looking at a fake iPhone?