Shares of Apple are on the receiving end of a brutal Wall Street beat-down today.

AAPL, which is down nearly $15 on the day as of this writing, is seeing a negative reaction to a string of unfavorable reports, the most damaging of which pertains to China.

Following a string of analyst predictions and sales projections over the last two weeks, investors are eagerly anticipating the launch of Apple's iPhone on China Mobile, the world's largest mobile carrier. But today's report indicates that a launch isn't imminent. In fact, the sources claim that Apple is merely still