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

Top Rated Comments

syklee26 Avatar
7 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
7 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
7 months ago
Apple's gonna be fine.
Score: 11 Votes (Like | Disagree)
Kuckuckstein Avatar
7 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
7 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
7 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)

Related Stories

aapl logo green

Apple Loses Position as World's Most Valuable Company to Oil Giant Aramco

Thursday May 12, 2022 1:31 am PDT by
Apple has lost its position as the world's most valuable company, after a broad sell-off of technology stocks and a rise in the price of oil. Apple stock fell by around 5% on Wednesday to $146.50, down nearly 20% since the start of the year. Apple's market capitalization dropped to $2.37 trillion. Oil giant Saudi Arabian Aramco regained the top spot from Apple, a position it lost to the...
apple cfo luca maestri

Apple's Financial Chief Luca Maestri Sells Apple Shares Worth Over $16 Million

Friday August 19, 2022 4:44 pm PDT by
Apple's chief financial officer Luca Maestri sold 96,735 shares of Apple stock valued at around $16.9 million in two transactions completed on Wednesday, according to a filing with the U.S. Securities and Exchange Commission (SEC) released today. The transactions were made pursuant to a predetermined trading plan adopted by Maestri in November 2021 and modified in February 2022, in...
appleprivacyad cleaned

Apple Hit With Class Action Alleging It Tracks Users Despite Privacy Assurances

Monday November 14, 2022 4:56 am PST by
Apple is facing a proposed federal class action alleging that it records users' mobile activity without their consent and despite privacy assurances, in violation of the California Invasion of Privacy Act, reports Bloomberg. In a lawsuit filed by New York citizen and iPhone 13 owner Elliot Libman, Apple is accused of "utterly false" assurances that users are in control of what information...
iphone 14 pro max deep purple

What to Expect From Apple's Earnings Results Today Following iPhone 14 Launch

Thursday October 27, 2022 7:59 am PDT by
Apple is set to report its earnings results for the fourth quarter of its 2022 fiscal year today at 1:30 p.m. Pacific Time. Apple CEO Tim Cook and Apple CFO Luca Maestri will discuss the results on a conference call for investors at 2:00 p.m. Pacific Time. Keep reading for some key things to know about Apple's fourth quarter, including analyst expectations for revenue and more. New...
ipad air yellow

Apple Sees Falling iPad Sales in Fiscal 2022, But Mac Sales Up

Thursday October 27, 2022 2:13 pm PDT by
Apple saw a sharp decline in iPad sales in fiscal 2022, according to earnings results for the fourth quarter that were shared today. iPads brought in $29.2 billion in 2022, down from the $31.8 billion in sales Apple saw in 2021. For most of 2022, iPads saw little attention and supplies were notably constrained. Apple refreshed the iPad Air in March, but did not introduce a new design,...
Apple Logo Cash Feature Blue

What to Expect From Apple's Third Quarter Earnings Results on Thursday

Tuesday July 26, 2022 11:11 am PDT by
Apple will be reporting its earnings results for the third quarter of the 2022 fiscal year on Thursday, July 28 at 1:30 p.m. Pacific Time. Apple will then host a conference call shortly afterwards to discuss the results. Keep reading for some key things to know about Apple's third quarter, including analyst expectations for revenue and more. New Products Apple's third quarter ran from...
foxconn

Angry Protests Break Out at Key iPhone Factory in China [Updated]

Wednesday November 23, 2022 1:49 am PST by
Riots broke out on Wednesday at the world's largest iPhone factory in the Chinese city of Zhengzhou, according to video shared on social media. Footage widely circulated online shows hundreds of Foxconn workers marching in protest, clashing with police and some being confronted by people in hazmat suits. Some video captured workers complaining about the food they had been provided, with...
iphone 14 pro box

iPhone 14 Pro Models Ordered From Apple Today Unlikely to Arrive in Time for Christmas in the US

Wednesday November 16, 2022 4:34 am PST by
Apple earlier this month acknowledged that customers faced longer wait times for iPhone 14 Pro and iPhone 14 Pro Max models because of reduced supply chain capacity, but the delays appear to have gotten worse. On Apple's online store in the United States, the devices' estimated shipping times are currently hovering around the six-week mark, with deliveries for all iPhone 14 Pro models now...

Popular Stories

iphone 14 pro hands snowflakes 1

Best Black Friday iPhone Deals Still Available

Wednesday November 23, 2022 1:55 pm PST by
Cellular carriers have always offered big savings on the newest iPhone models during the holidays, and Black Friday 2022 is no different. Right now we're tracking notable offers on the iPhone 14 and iPhone 14 Pro devices from AT&T, Verizon, and T-Mobile. For even more savings, keep an eye on older models like the iPhone 13. Note: MacRumors is an affiliate partner with some of these vendors....
ipad holiday bulbs

Best Black Friday iPad Deals Still Available

Thursday November 24, 2022 12:25 pm PST by
Black Friday deals have been in full swing for the better part of a month, and now that the shopping holiday is officially here we're seeing even more solid discounts on Apple devices. We're highlighting the best sales for all of Apple's product lines, and in this article you'll find the best Black Friday sales on iPad, iPad Pro, iPad Air, and iPad mini. Note: MacRumors is an affiliate partner ...
General Black Friday Deals 2022 Green

All the Apple Black Friday Deals You Can Still Get

Friday November 25, 2022 4:40 am PST by
Although Black Friday is now technically over, many Apple products are still seeing major discounts. In this article, you'll find every Apple device with a notable Black Friday sale that's still available. We'll be updating as prices change and new deals arrive, so be sure to keep an eye out if you don't see the sale you're looking for yet. Note: MacRumors is an affiliate partner with some of...
apple watch gold ornaments

Best Black Friday Apple Watch Deals Still Available

Wednesday November 23, 2022 9:31 am PST by
We're tracking all of the best Apple product discounts for Black Friday this week, and the Apple Watch always makes a great gift around the holiday season, so you're guaranteed to find solid discounts right now. In this article, you'll discover the best Black Friday sales on Apple Watch Series 8, Apple Watch SE, and Apple Watch Ultra. Note: MacRumors is an affiliate partner with some of these...
mac imac snowflakes

Best Black Friday iMac and MacBook Deals Still Available

Thursday November 24, 2022 1:07 pm PST by
Our Black Friday coverage continues today with the best deals you can find on MacBook Pro, MacBook Air, and iMac. As with all Black Friday deals, we aren't sure how long any of these will last, and prices are always fluctuating, so if you see something you want, be sure to buy it soon. Note: MacRumors is an affiliate partner with some of these vendors. When you click a link and make a...
airpods pro 2

Apple Engineer Addresses Lack of Lossless Support on New AirPods Pro

Friday November 25, 2022 2:58 am PST by
An Apple engineer has addressed the lack of lossless audio support in the second-generation AirPods Pro in a new interview. Current Bluetooth technology in the AirPods lineup means that Apple's audio products do not support Apple Music Lossless audio. Apple has previously hinted that it may develop its own codec and connectivity standard that builds on AirPlay and supports higher quality...
maxresdefault

Nothing Phone 1 Displays AirPods Battery Level After Latest OS Update

Friday November 25, 2022 3:33 am PST by
Nothing Phone 1 users today began receiving the Nothing OS 1.1.7 update, which adds support for displaying the battery percentage of connected AirPods, amongst other improvements and bug fixes. If you own a Nothing Phone 1, you can check for the OTA update by going to Settings -> System -> System updates. Bear in mind that as support for displaying AirPods battery level is still an...
new airpods lineup black friday

Best Black Friday AirPods Deals Still Available

Tuesday November 22, 2022 10:01 am PST by
Although we've been tracking Black Friday deals for a few weeks now, the shopping holiday is officially kicking off this week and we're highlighting the best sales for each of Apple's product lines. In this article, you'll find the best Black Friday sales on AirPods 2, AirPods 3, AirPods Pro, AirPods Pro 2, and AirPods Max. Note: MacRumors is an affiliate partner with some of these vendors....
Manchester United flag

No, Apple Isn't Planning to Buy Manchester United

Thursday November 24, 2022 12:19 pm PST by
Apple is not currently planning to purchase Premier League club Manchester United, according to a source familiar with the matter. A report earlier today from British tabloid The Daily Star claimed that Apple had expressed an interest in buying Manchester United for around $7 billion, but our source with direct knowledge of the situation said the report is false. Manchester United has...