Apple's Stock Down 20% Since Early April Amid Broader Market Losses

Apple's stock opened at $146.85 today and continues to trend downwards, with shares currently trading below the $143 mark in today's session. Apple's stock price has declined approximately 20% since closing at $178.44 on April 4.

Apple Logo Cash Orange
The stock market has experienced broader losses since the start of April, with the S&P 500 down around 13% and the Dow Jones down around 8.5% over that period. Many other tech companies are in a similar boat, with Google parent company Alphabet's and Microsoft's stocks also down around 20% since early April as two larger examples.

Apple has been financially successful during the COVID-19 pandemic, with the company recently setting a new March quarter revenue record of $97.3 billion. However, on an earnings call last month, Apple said supply constraints caused by COVID-related disruptions and industrywide silicon shortages were impacting the company's ability to meet customer demand, resulting in lengthy shipping estimates for devices like the MacBook Pro.

Tag: AAPL

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Top Rated Comments

syklee26 Avatar
28 months ago
Nice opportunity to earn some cash… you can buy the dip with Apple. It will bounce back to 170+ by the end of the year.
Score: 21 Votes (Like | Disagree)
TheYayAreaLiving ?️ Avatar
28 months ago
Tim Cook's job is on the line guys.

I blame iPad OS, Apple Watch 7 and Mac Studio External display being over-priced.
Score: 14 Votes (Like | Disagree)
mnsportsgeek Avatar
28 months ago
Apple's gonna be fine.
Score: 11 Votes (Like | Disagree)
Kuckuckstein Avatar
28 months ago

Maybe apple can deliver a product that lets me see the world differently. Something I strap to my face and is powered by my phone.
The iBrow?
Score: 8 Votes (Like | Disagree)
ghanwani Avatar
28 months ago

Nice opportunity to earn some cash… you can buy the dip with Apple. It will bounce back to 170+ by the end of the year.
I wouldn't bet on it unless the fed switches to being accommodative. If inflation remains high, all bets are off for the stock market.
Score: 8 Votes (Like | Disagree)
kirk.vino Avatar
28 months ago

Eventually people around the world are going to stop buying iPhones, as their current iPhones would be plenty good enough. That's when the stock REALLY is going to crash.

Apple needs to expand into more hardware product categories. I dunno, dedicated cameras, printers, HomeKit appliances, etc..? Or make their own Amazon or social network? Lots of potential revenue options that Apple has...
I hope you're aware that Apple is much more than just the iPhone. Also, they're constantly pushing into services more and more every year.
Score: 8 Votes (Like | Disagree)