This year has been a difficult one for Apple (AAPL) investors. The stock has declined substantially in the second half of 2018. Apple stock rose from $172.26 in the start of January 2018 to an all-time high of $233.47 in October 2018.
The stock is currently trading at $150.73, which is 35% below its 52-week high. Apple stock has now fallen 9.6% in 2018, 33% since October 2018, and 15.6% this month.
The pullback in 2018 has meant that Apple stock has now risen 41% in the last three years and 87% in the last five years. Facebook (FB), Amazon (AMZN), Netflix (NFLX), and Google (GOOG) have returned -29%, 18%, 28%, and -6.4%, respectively, in 2018.
Will the downturn for Apple continue in 2019?
Has Apple stock bottomed out? The stock is now trading at its 52-week low. Apple’s roller-coaster ride has kept Wall Street analysts and investors wary about the company’s performance at least in the short term.
In this series, we’ll try to analyze Apple’s revenue growth prospects in each of its business segments. It remains to be seen if Apple can overcome the recent weakness in its stock and return to its trillion dollar valuation in 2019.