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Apple Stock — How Far It’s Fallen and Where It’s Headed

Apple (NASDAQ:AAPL) remains quite a mess.

Apple stock is around $430 in early trading today, less than 3% off its 52-week low of $419, and down 20% year-to-date. Longer term, Apple stock is down about 40% from its peak above $700 late last year.

With Apple earnings on the horizon April 23, investors are going to be closely watching income, revenue and margin trends to project what’s next for this once-dominant tech stock.

Make no mistake, Apple is still the most valuable company in the world as measured by market capitalization. But many think its status as a top innovator and dominant consumer brand is on the wane, with other products like the Galaxy line from Samsung (PINK:SSNLF) or the Google (NASDAQ:GOOG) Nexus family of mobile devices creeping in. There’s also continued risk from other players including BlackBerry (NASDAQ:BBRY) and Microsoft (NASDAQ:MSFT), which remain big brands in enterprise devices.

It’s also worth noting that while growth has slowed, Apple is still expanding. Its fundamentals are still looking up, even if Wall Street is worried AAPL stock has fading momentum.

So what’s the score? Is Apple on the outs or is it in transition?

As I wrote recently, I still believe Apple is a value trap. There is modest growth and a decent valuation, not to mention a pile of cash, but you simply can’t fight sentiment right now.

The folks over at MoneyChoice.org recently made a pretty cool infographic about just how far Apple has fallen lately if you want a good representation of this sentiment shift.

Take a look:

The Fall of Apple
What do you think? Is Apple stock doomed, or just in a brief rut before it comes racing back?

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Jeff Reeves is the editor of InvestorPlace.com and the author of “The Frugal Investor’s Guide to Finding Great Stocks.” Write him at editor@investorplace.com or follow him on Twitter via @JeffReevesIP. As of this writing, he did not own a position in any of the stocks named here.

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