Apple’s Eight-Day Slide Marks Longest Losing Streak Since 1991
Apple shares dipped 0.8% on Friday, closing at $257.07 and extending its losing streak to eight consecutive days—the longest since May and potentially since 1991. The cumulative decline stands at 6.1%, a modest but notable slide for the tech giant.
Evercore ISI remains bullish, maintaining its Outperform rating and raising its price target to $330 from $325. Analysts cite robust iPhone demand in key markets—North America, China, and India—as a driver for potential upside ahead of Apple’s January 29 earnings report. Europe showed softer performance.
The streak echoes an eight-day drop in May. One more down day WOULD cement the longest slump in three decades. Apple’s projected 10-12% revenue growth for the quarter, if achieved, would mark its first double-digit gain since fiscal 2022.
