@Mrzorro：Apple Stock Slumps Toward Lowest Close in 18 Months, Worst Yearly Performance Since 2008 $Apple(AAPL)$ slumped 1.7% in afternoon trading, enough to pace the $DJIA(.DJI)$ s decliners as they flirted with their first sub-$130 close in 18 months. The stock was headed for a new closing low for the year, below the previous low of $130.06 on June 16, 2022, and the lowest close since June 15, 2021. Apple's stock has tumbled 12.4% in December, putting it on track for the weakest monthly performance since it shed 12.8% in May 2019, and the first December drop since 2018. It has also slumped 27.0% in 2022, which would mark the worst yearly performance since it plunged 56.9% in 2008 during the financial crisis. The stock's weakness this year compares with the 33.8% drop in the Nasdaq Composite and the 8.5% dip in the Dow. Based on Apple's financial statement as of October 28, 2022, long-term debt is at $98.96 billion and current debt is at $21.11 billion, amounting to $120.07 billion in total debt. Adjusted for $23.65 billion in cash-equivalents, the company's net debt is at $96.42 billion. @TigerStars @Daily_Discussion Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
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