Every AAPL drawdown of 20% or more since April 2012
7 declines, oldest first. Depth is measured on daily closing prices from the prior high. "Back at the high" is the first day the price closed at or above that prior high.
| Peak | Low | Depth | Peak to low | Back at the high | Low to new high | Backdrop |
|---|---|---|---|---|---|---|
| Sep 19, 2012 | Apr 19, 2013 | -43.8% | 212 daysabout 7 months | Jul 14, 2014 | 451 daysabout 15 months | — |
| May 22, 2015 | May 12, 2016 | -30.4% | 356 daysabout 12 months | Feb 1, 2017 | 265 daysabout 9 months | — |
| Oct 3, 2018 | Jan 3, 2019 | -38.5% | 92 daysabout 3 months | Oct 10, 2019 | 280 daysabout 9 months | Late-2018 selloff |
| Feb 12, 2020 | Mar 23, 2020 | -31.4% | 40 days | Jun 5, 2020 | 74 days | COVID-19 selloff |
| Sep 1, 2020 | Sep 18, 2020 | -20.4% | 17 days | Dec 28, 2020 | 101 daysabout 3 months | — |
| Jan 3, 2022 | Jan 5, 2023 | -30.9% | 367 daysabout 12 months | Jun 2, 2023 | 148 daysabout 5 months | 2022 rate-hike bear market |
| Dec 26, 2024 | Apr 8, 2025 | -33.4% | 103 daysabout 3 months | Oct 20, 2025 | 195 daysabout 6 months | April 2025 tariff selloff |
Our AAPL data runs from Apr 26, 2012 to Oct 30, 2026. Highs set before that date still count, so a decline that was already under way on the first day is shown from its low in our data and marked as such. Days are calendar days. The backdrop column names a period only where both the peak and the low fall inside a very well-known market episode.
What the history shows
- -The deepest decline was 43.8%, from Sep 19, 2012 to a low on Apr 19, 2013.
- -The fastest 20%+ fall took 17 days (20.4%, September 2020 to September 2020).
- -Completed recoveries took a median of 195 days (about 6 months) from trough to a new high, ranging from 74 days to 451 days (about 15 months).
- -Every 20%+ decline in our data had recovered to a new high as of Oct 30, 2026.
A fall of 20% or more from a high is the usual rule of thumb for a bear market, and single stocks have them far more often than broad indexes. These figures describe what happened to AAPL in the past. They do not predict what comes next and are not advice to buy or sell. Learn more in What Is a Drawdown? and Drawdowns vs Corrections vs Bear Markets.
Frequently Asked Questions
What is Apple's worst drawdown since April 2012?
The deepest decline in our data, which starts in April 2012, took Apple 43.8% below its prior high. It peaked on Sep 19, 2012, bottomed on Apr 19, 2013 (212 days (about 7 months) later), and closed back at its prior high on Jul 14, 2014, 451 days (about 15 months) after the trough.
How many times has AAPL fallen 20% or more?
In our data, which runs from April 2012 to Oct 30, 2026, Apple (AAPL) has had 7 drawdowns of 20% or more, and 6 of them reached 30% or more. That is 7 episodes in about 15 years of data.
How long does AAPL take to recover from a 20% drawdown?
Measured from the trough to the first close back at the prior high, Apple's completed 20%+ drawdowns took a median of 195 days (about 6 months). The quickest was 74 days (February 2020 to March 2020) and the slowest was 451 days (about 15 months) (September 2012 to April 2013). Past recovery times describe what happened, not what will happen next.
How far is AAPL below its high right now?
As of Oct 30, 2026, Apple (AAPL) is 1.0% below its high, and has been below it for 1 days. This page is rebuilt from our daily data, and the live figure is on the AAPL ticker page.
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