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Valued at a market cap of $4 trillion, Apple Inc. (AAPL) is a Cupertino, California-based company that designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories.
This technology powerhouse has underperformed the broader market over the past 52 weeks. Shares of Apple have gained 28.1% over this time frame, while the broader S&P 500 Index ($SPX) has surged 30.6%. Moreover, on a YTD basis, the stock is down 1.4%, compared to SPX’s 4.7% rise.