FORTUNE notes that despite a three month drop that took $248 billion (26%) off Apple's market cap, the company's shares are still up 28.44% for the year.
In fact, many analysts believe those gains are the primary reason the stock fell from its all-time intraday high of $705.07 in late September to Christmas Eve's close of $520.17. Investors hoping to take their profits before possible changes in the capital gains tax rates didn't have that many places to turn. In fact, of the major U.S. tech companies, it's likely that only Apple and Microsoft will end the year in positive territory.
When you compare Apple to the other big names in tech its performance really stands out. Google and Microsoft are only up 9.84% and 4.24%, respectively. Intel, Dell, and HP are down 14.89%, 30.01% and 45.6%, respectively.
Notably, Samsung is up 33.6% on the Korean Stock Exchange.
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In fact, many analysts believe those gains are the primary reason the stock fell from its all-time intraday high of $705.07 in late September to Christmas Eve's close of $520.17. Investors hoping to take their profits before possible changes in the capital gains tax rates didn't have that many places to turn. In fact, of the major U.S. tech companies, it's likely that only Apple and Microsoft will end the year in positive territory.
When you compare Apple to the other big names in tech its performance really stands out. Google and Microsoft are only up 9.84% and 4.24%, respectively. Intel, Dell, and HP are down 14.89%, 30.01% and 45.6%, respectively.
Notably, Samsung is up 33.6% on the Korean Stock Exchange.
Read More