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
19 weeks 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
19 weeks 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
19 weeks ago
Apple's gonna be fine.
Score: 11 Votes (Like | Disagree)
Kuckuckstein Avatar
19 weeks 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
19 weeks 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
19 weeks 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...
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...
Apple Logo Cash Feature Blue

Apple to Announce Q4 2022 Earnings on October 27

Wednesday September 28, 2022 2:16 pm PDT by
Apple today updated its investor relations page to announce that it will share earnings results for the fourth fiscal quarter (third calendar quarter) of 2022 on Thursday, October 27. The fourth quarter earnings call will provide insight into sales of the new iPhone 14, iPhone 14 Pro, and iPhone 14 Pro Max models, as well as the new Apple Watches. Apple's iPhones went on sale a week earlier...
Apple Website Down

Apple's Website is Currently Experiencing Issues [Updated]

Wednesday September 14, 2022 8:21 pm PDT by
Apple's website is currently experiencing issues for many users around the world, although parts of the website are still functional. Apple's oft-delayed system status page does not yet reflect any issues with the company's online store or other services. The outage is affecting Apple's website in both the U.S. and many other regions, but not all pages are impacted. The root cause is...
14 vs 16 inch mbp feature

MacBook Pro Supplier Considering Relocating Factory to Increase Production

Wednesday May 18, 2022 6:40 am PDT by
Apple supplier Quanta Computer is considering the feasibility of relocating its MacBook Pro production to its factory in Chongqing, China, as output at its Shanghai plant remains constrained by lockdown restrictions, according to industry sources cited by DigiTimes. The move could gradually boost the availability of MacBook Pro models and shorten the extended delivery times that Apple...
Tim Cook M2 MacBook Air

Tim Cook Expects Apple's September Quarter Revenue Growth to Accelerate Despite 'Pockets' of Softness

Thursday July 28, 2022 2:12 pm PDT by
Apple today reported its earnings results for the third quarter of the 2022 fiscal year, including revenue of $83 billion and net quarterly profit of $19.4 billion. As usual since the start of the COVID-19 pandemic, Apple did not provide formal revenue guidance for the ongoing quarter, but Apple CEO Tim Cook did help to set expectations. Cook told CNBC's Steve Kovach that he expects...
apple store logo 1

Former Apple Lawyer Gene Levoff Pleads Guilty to Insider Trading

Friday July 1, 2022 2:53 am PDT by
Former Apple vice president of corporate law Gene Levoff has pleaded guilty to six counts of securities fraud for insider trading, according to a Department of Justice (DOJ) press release (via The Verge). The former Apple lawyer "misappropriated material, nonpublic information about Apple's financial results and then executed trades involving the company's stock" from February 2011 to April ...

Popular Stories

apple watch ultra deuglify 1

Apple Watch Ultra User Mods Titanium Casing to 'Deuglify' Design

Tuesday September 27, 2022 8:05 am PDT by
An Apple Watch Ultra user has modified their new device's casing to add a brushed finish and remove the orange color of the Action Button in an effort to make it more visually appealing. The Apple Watch Ultra offers the first complete redesign of the Apple Watch since the product line's announcement in 2014, and while the design has been met with praise from many users, some have criticized...
Dark Sky App Featured

Dark Sky Removed From iOS App Store Ahead of Upcoming Shutdown

Wednesday September 28, 2022 4:27 pm PDT by
The Dark Sky weather app that's owned by Apple is no longer available for download in the U.S. App Store, suggesting that it has been removed ahead of schedule. Apple acquired Dark Sky back in March 2020 and has since incorporated elements of the app into the Weather app available on the iPhone (and soon, the iPad). Dark Sky remained available for purchase as a standalone weather app...
iphone 14 pro max vs 13 max 2

Camera Comparison: iPhone 14 Pro Max vs. iPhone 13 Pro Max

Thursday September 29, 2022 7:44 am PDT by
The iPhone 14 Pro and Pro Max introduce some major improvements in camera technology, adding a 48-megapixel lens and low-light improvements across all lenses with the new Photonic Engine. We've spent the last week working on an in-depth comparison that pits the new iPhone 14 Pro Max against the prior-generation iPhone 13 Pro Max to see just how much better the iPhone 14 Pro Max can be. Subscrib ...
apple watch ultra hammer test

YouTuber Tests Apple Watch Ultra Durability With a Hammer: Table Breaks Before the Watch

Sunday September 25, 2022 2:27 pm PDT by
A YouTuber has put Apple's claims for the durability of the Apple Watch Ultra to the test by putting it up against a drop test, a jar of nails, and repeated hits with a hammer to test the sapphire crystal protecting the display. TechRax, a channel popular for testing the durability of products, first tested the Apple Watch Ultra by dropping it from around four feet high. The Apple Watch...
tony blevins car

Apple Procurement VP Departs Company After Vulgar TikTok Comment

Thursday September 29, 2022 12:38 pm PDT by
Tony Blevins, Apple's vice president of procurement, is set to depart the company after he made a crude comment about his profession in a recent TikTok video, reports Bloomberg. Blevins was in a video by TikTok creator Daniel Mac, who was doing a series on the jobs of people he spotted with expensive cars. After seeing Blevins in an expensive Mercedes-Benz SLR McLaren, Mac asked Blevins what ...
iPhone 14 Pros in Hand Black Background Feature

Verizon iPhone 14 Pro Customers Reporting Cellular Connection Issues

Monday September 26, 2022 6:23 am PDT by
iPhone 14 Pro customers on the Verizon network in the U.S. are reporting issues with slow and unreliable 5G cellular connections and calls randomly dropping. Several threads on Reddit (1,2,3) and the MacRumors forums chronicle issues faced by Verizon customers and Apple's latest iPhone. According to user reports, signal strength on the iPhone 14 Pro is unreliable and weak, while other...
iPhone 15 to Switch From Lightning to USB C in 2023 feature sans arrow

Kuo: iPhone 14 Pro Max Popularity Could Lead to More Differentiation Between iPhone 15 Pro and iPhone 15 Pro Max

Wednesday September 28, 2022 10:22 am PDT by
Apple has seen high demand for the 6.7-inch iPhone 14 Pro Max, which could lead the company to further differentiate the next-generation iPhone 15 Pro and Pro Max, according to Apple analyst Ming-Chi Kuo. Apple could add exclusive features to the iPhone 15 Pro Max in an effort to encourage more people to purchase the larger and more expensive device. Kuo last week said that Apple asked...
iPhone 14 Pro Sports Scores Dynamic Island

iPhone 14 Pro Features Live Sports Scores in Dynamic Island on iOS 16.1

Monday September 26, 2022 7:52 am PDT by
Earlier this month, Apple announced that iOS 16.1 will enable a new Live Activities feature that allows iPhone users to stay on top of things that are happening in real time, such as a sports game or a food delivery order, right from the Lock Screen. On the iPhone 14 Pro and Pro Max, Live Activities also integrate with the Dynamic Island. Premier League match in Dynamic Island via Paul Bradford ...
iOS 16

Everything New in the Latest iOS 16.1 and iPadOS 16.1 Betas: Stage Manager Expansion, Wallpaper Tweaks and More

Tuesday September 27, 2022 11:36 am PDT by
Apple today released new betas of iOS 16.1 and iPadOS 16.1 to developers, tweaking some of the functionality that's been introduced in prior betas and in the case of iPadOS 16.1, adding a major new feature to Stage Manager. We've rounded up everything new in both betas below. Wallpaper Updates Apple has updated the Wallpaper section of the Settings app to allow users to swap between...
General iOS 16 Feature Yellow

Some iOS 16 Users Continue to Face Unaddressed Bugs and Battery Drain Two Weeks After Launch

Monday September 26, 2022 7:34 am PDT by
Today marks exactly two weeks since Apple released iOS 16 to the public. Besides the personalized Lock Screen, major changes in Messages, and new features in Maps, the update has also seen its fair share of bugs, performance problems, battery drain, and more. After major iOS updates, it's normal for some users to report having issues with the new update, but such reports usually subside in...