Fiscal 2013 was not a good year for Apple shareholders, but they have been through much worse. Apple’s fiscal year closed this past weekend and while its earnings will undoubtedly get a huge bump from the record-smashing opening weekend enjoyed by the new iPhone 5s and iPhone 5c, Apple shares closed the year down nearly 30%. As Fortune pointed out in a recent report, however, Apple shares have been through far worse downturns on their climb from the low double-digits at the turn of the century to the mid triple-digits where they sit today. Fortune’s Philip Elmer-DeWitt recounts a number of trying times for the stock, including the 39.8% it shed in fiscal 2001, the 59.6% it lost in calendar 2008 and the 77% the stock fell in just three months in late 2000. Apple shares rebounded over time in each of the aforementioned cases, of course, and a number of industry watchers still believe the same will be true of the stock’s current rut.
As awful as the past year has been for Apple’s stock, it’s been through much worse
Published Oct 3rd, 2013 3:55PM EDT
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Zach Epstein has been the Executive Editor at BGR for more than 15 years. He manages BGR’s editorial team and ensures that best practices are adhered to. He also oversees the Ecommerce team and directs the daily flow of all content. Zach first joined BGR in 2007 as a Staff Writer covering business, technology, and entertainment.
His work has been quoted by countless top news organizations, and he was recently named one of the world's top 10 “power mobile influencers” by Forbes. Prior to BGR, Zach worked as an executive in marketing and business development with two private telcos.
