Apple,
one of the best-performing tech stocks in recent memory, is going to
snap a six-year winning streak, barring a remarkable turnaround in the
last trading session of 2015.
The shares are currently down more than 4 percent for the year. The last time the tech behemoth's stock closed lower for the year was 2008, when it shed 56.91 percent.
2015 has been a roller-coaster ride for Apple, as the company's shares hit an all-time closing high of $133 on Feb. 23, and an all-time intraday high of $134.54 on April 28. Apple was even added to the Dow Jones industrial average in February, replacing AT&T.
However, the stock has fallen more than 20 percent since hitting the April 28 mark, as possible iPhone market saturation and China growth concerns contributed to its troubles. Apple's plunged has wiped out about $57 billion of its market cap, about as much as fellow Dow component DuPont is worth.
Source: FactSet
Apple could face another tough year in 2016, according to Dan Ives, tech analyst at FBR Capital Markets.
"I think the blooms are coming off the rose a bit for Apple. Not just in terms of the multiple, or in terms of what investors want to pay, but in terms of products," Ives told CNBC's "Squawk Box" on Tuesday. "It's a make-or-break, white-knuckle period for Apple."
However, Erin Gibbs, equity chief investment officer of S&P Investment Advisory, said Dec. 23 that the company's products should add to its profitability next year.
"Right now we've seen a big hit because there's been some news of slowing iPhone sales," she told CNBC's "Trading Nation." "But we've known that even though iPhone sales make up about two-thirds of the revenue, a lot of the future growth is expected to come from non-iPhone products like the Apple Watch and the iPad."
Apple unveiled a slew of new products this year, including the iPhone 6S and 6S Plus, the Apple Watch, the streaming service Apple Music and the iPad Pro.
The stock has also gained more than 90 percent since CEO Tim Cook took over.
Clarification: Erin Gibbs spoke about Apple on Wednesday, Dec. 23.
— CNBC's Stephanie Yang and Gina Francolla and Reuters contributed to this report.
The shares are currently down more than 4 percent for the year. The last time the tech behemoth's stock closed lower for the year was 2008, when it shed 56.91 percent.
2015 has been a roller-coaster ride for Apple, as the company's shares hit an all-time closing high of $133 on Feb. 23, and an all-time intraday high of $134.54 on April 28. Apple was even added to the Dow Jones industrial average in February, replacing AT&T.
However, the stock has fallen more than 20 percent since hitting the April 28 mark, as possible iPhone market saturation and China growth concerns contributed to its troubles. Apple's plunged has wiped out about $57 billion of its market cap, about as much as fellow Dow component DuPont is worth.
Apple Stocks 2015
Source: FactSet
Apple could face another tough year in 2016, according to Dan Ives, tech analyst at FBR Capital Markets.
"I think the blooms are coming off the rose a bit for Apple. Not just in terms of the multiple, or in terms of what investors want to pay, but in terms of products," Ives told CNBC's "Squawk Box" on Tuesday. "It's a make-or-break, white-knuckle period for Apple."
However, Erin Gibbs, equity chief investment officer of S&P Investment Advisory, said Dec. 23 that the company's products should add to its profitability next year.
"Right now we've seen a big hit because there's been some news of slowing iPhone sales," she told CNBC's "Trading Nation." "But we've known that even though iPhone sales make up about two-thirds of the revenue, a lot of the future growth is expected to come from non-iPhone products like the Apple Watch and the iPad."
Apple unveiled a slew of new products this year, including the iPhone 6S and 6S Plus, the Apple Watch, the streaming service Apple Music and the iPad Pro.
The stock has also gained more than 90 percent since CEO Tim Cook took over.
Clarification: Erin Gibbs spoke about Apple on Wednesday, Dec. 23.
— CNBC's Stephanie Yang and Gina Francolla and Reuters contributed to this report.
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