Apple’s stock falls apart for 2015

September 13 23:57 2015

Remember those massive 21% gains you had on Apple stock earlier this year? They’re gone now. Shares of Apple are suffering mightily amid the market sell-off, dropping $2.66, or 2.4%, to $110.1 Tuesday. Falling to that level is extremely important to Apple stock – the most widely held stock by individuals – as it means the shares are in the red for the year. Apple is breakeven on the year at $110.38 a share.1411279189000-Apple-iPhone-Blai-1-

In many ways, Apple is just the biggest and most important stock in the Nasdaq composite to not just watch its gains slip away from the year’s highs. Thanks to Tuesday’s sell-off, the Nasdaq composite is down 104.27 points, or 2.2%, to fall to 4670. That puts the tech-heavy benchmark down 1.2% this year.

Seeing Apple wipeout its gains for the year is dramatic – since it’s such a popular stock with investors. But there are other Nasdaq stocks where losses this year have been even more painful. Single-cup coffee brewer company Keurig Green Mountain (GMCR) has been the biggest loser this year as investors fret over poor reception of its latest brewing systems. Shares of Keurig are down a staggering 58% this year. And computer chipmaker Micron Technology (MU) has been ravaged 54% this year as this momentum stock moves the other way.

Concerns about a slowdown in China continue to hammer shares of companies exposed to the region. Apple investors have been counting on Chinese consumers to pick up the demand for smartphones. Growth in demand for smartphones has cooled in developed nations as most people already have one … or two. Wynn Resorts (WYNN) is another example of the dangerous of being exposed to China in this market. The casino operator made a big bet on Asia – one that’s not looking great now and the stock is down 52% this year.

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