by Chris Gaffney
Apple has just announced its first revenue drop in 13 years.
Goldman Sachs announced its profits fell 60% in a single quarter.
Microsoft reported a 25% plunge in earnings.
Welcome to the first quarter’s earnings season.
As of this writing, 207 members of the S&P 500 index have reported results. So far, total earnings have dropped 5.4%, while revenues have dropped 1.6%.