Apple Stock Dropped 30% From Its High. History Says This Will Happen Next.
Apple (NASDAQ: AAPL) stock returned 30% in 2024, peaking around $259 per share in late December. Factors contributing to that upside included strong sales growth in the services business and excitement about new artificial intelligence (AI) features. But those bright spots have since been overshadowed by economic uncertainty and trade tensions.President Trump on April 2 outlined an aggressive slate of reciprocal tariffs that would take the average tax on U.S. imports to its highest level in a century. While those duties have been paused for 90 days, tariffs totaling 145% on Chinese imports have not. And those duties may be especially problematic because Apple makes most of its iPhones in China.Consequently, Apple stock had tumbled 33% to $172 per share by early April. Interestingly, the stock previously fell more than 30% from its record high four times in the last decade, but it always rebounded sharply in the next year. Here's what investors should know.Continue reading
Apple (NASDAQ: AAPL) stock returned 30% in 2024, peaking around $259 per share in late December. Factors contributing to that upside included strong sales growth in the services business and excitement about new artificial intelligence (AI) features. But those bright spots have since been overshadowed by economic uncertainty and trade tensions.
President Trump on April 2 outlined an aggressive slate of reciprocal tariffs that would take the average tax on U.S. imports to its highest level in a century. While those duties have been paused for 90 days, tariffs totaling 145% on Chinese imports have not. And those duties may be especially problematic because Apple makes most of its iPhones in China.
Consequently, Apple stock had tumbled 33% to $172 per share by early April. Interestingly, the stock previously fell more than 30% from its record high four times in the last decade, but it always rebounded sharply in the next year. Here's what investors should know.