×

Apple's stock nears bear market. Buy it?

Apple store
Scott Mlyn | CNBC

Shares of the world's biggest company by market capitalization are about to enter bear market territory, but that feat may present a buying opportunity, if history is any guide.

Since reaching a record price of $134.54 on April 24, Apple's stock fell 17 percent as Wall Street predicts a slowdown in iPhone sales, the firm's biggest source of revenue.

As Apple shares take a hit, CNBC Pro ran the numbers to find out how the stock could trade in the days ahead.

Contact Investing

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    Get these newsletters delivered to your inbox, and more info about about our products and service. Privacy Policy.