Apple Stock Has Fallen Nearly 27% in the Fourth Quarter
Apple (AAPL) is on its way to register a massive quarterly drop in the fourth quarter. Apple stock has already lost 26.7% as of December 14. Microsoft (MSFT) has seen 7.3% losses sequentially. Qualcomm (QCOM) and NVIDIA (NVDA) have fallen 47.9% and 20.0% sequentially, respectively. So far, the massive sell-off in the top tech companies has resulted in 14.1% losses in the NASDAQ Composite Index (QQQ) in the fourth quarter, while the S&P 500 benchmark (SPY) (VTI) has fallen 10.8%.