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Shares of smartphone giant Apple entered bear market territory, ahead of its earnings announcement due on Tuesday after the bell.
Apple's stock was 21 percent off on Thursday from a 52-week high of $134.54, hit on April 28, 2015. A bear market can be considered to be a decline of 20 percent from a 52-week high.
Analysts have predicted that the iPhone-maker would likely report a decline in iPhone sales when it reports earnings. S&P Global Market Intelligence senior industry analyst Angelo Zino told CNBC last week he expected a 17 percent on-year decline in sales for the quarter ending in March.
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