With a 17-year low, Apple’s stock performance has recorded the worst start to the year for the iPhone manufacturer since 2008.
After a rocky start to the year, Apple Inc.’s stock is now approaching a critical technical level that, if broken, might portend further declines. With a roughly 11% decline through Thursday’s closing, the tech behemoth has performed the poorest within Wall Street’s envious “Magnificent Seven” group thus far in 2025.
The S&P 500 index, which rose around 4% to reach a new record high to begin the year, has outperformed Apple. Bloomberg’s data indicates that Apple’s stock performance has reached a 17-year low, marking the worst start to the year for the iPhone manufacturer since 2008.
Due to the IT major’s share price decrease, shares are now within a few dollars of the 200-day moving average, a technical site that many traders keep an eye on and that may be viewed as long-term support. Bloomberg claims Apple’s stock is in a risky position at the crucial technical level.
Until recently, Apple had held the most significant weight in the S&P 500 Index and was the largest corporation in the world in terms of market value. Since then, during Apple’s decline, Nvidia has surpassed it. Even if a single stock doesn’t necessarily affect the index as a whole, Apple is worth keeping an eye on due to its size and location.
Apple’s selloff hasn’t stopped the S&P 500 from rising so far. However, it might be a warning sign for the bull market, approaching its third year, if other extensive technology stocks begin declining similarly.
Based on a technical analysis, Wall Street analysts predict that if Apple shares drop below the 200-day moving average, the next level to look for is about $208 per share. After markets close on January 30, Apple is expected to release its quarterly earnings, a significant share catalyst that investors will keenly monitor.
Wall Street anticipates that the iPhone manufacturer will announce $2.35 profits per share on sales of $124.2 billion. Additionally, analysts predict that if Apple releases profits that exceed their expectations, its stock may test the 200-day moving average level and rise. Some traders may use the 200-day as a signal to begin purchasing shares at a bargain, but it is also a crucial psychological level that may serve as a warning flag for equities.
