On Friday, Apple shares fell as much as 5.6%.<br />The drop comes after the tech giant's fiscal fourth-quarter figures failed to meet analysts' expectations.<br />Business Insider reports the slide saw as much as $111 billion erased from Apple's market cap.<br />The company beat estimates for overall revenue and profit.<br />iPhone sales were well below Apple's expectations.<br />Apple's updated phone lineup was released roughly one month later than usual.<br />The delay almost guaranteed sales of the new models will first materialize in its current-quarter report.
