Apple Inc. drawdown: 2.3% below the all-time high
Apple Inc. is 2.3% below its all-time high, set Jul 28, 2026 (as of market close, Sep 11, 2026). The chart shows every day as a percentage of the highest level reached up to that point: 100% means a fresh record, everything below is a drawdown.
- Below all-time high
- −2.3%
- 97.7% of ATH
- All-time high
- $340.08
- Jul 28, 2026
- Time below the high
- 45 days
- since Jul 28, 2026
- Worst-ever drawdown
- −82.2%
- Dec 23, 1997
- Longest underwater
- 8.4 yrs
- between all-time highs
- Today's level first reached
- Jul 16, 2026
- 57 days ago
- Last time this deep
- Jul 23, 2026
- in a previous episode
% of all-time high since 1980#
The classic underwater chart (drawdown curve), drawn as % of the all-time high — 100% is a fresh record, everything below it is time spent underwater. Basis and range are in the URL, so a particular view is a link.
The deepest drawdowns on record#
Every decline of 15% or more from an all-time high (price basis), deepest first.
| Peak | Trough | Depth | Peak → trough | Recovered by | Underwater |
|---|---|---|---|---|---|
| Apr 2, 1991 | Dec 23, 1997 | −82.2% | 6.7 yrs | Sep 3, 1999 | 8.4 yrs |
| Mar 22, 2000 | Apr 17, 2003 | −81.8% | 3.1 yrs | Jan 26, 2005 | 4.8 yrs |
| Jun 6, 1983 | Aug 15, 1985 | −76.9% | 2.2 yrs | Feb 17, 1987 | 3.7 yrs |
| Dec 29, 1980 | Jul 8, 1982 | −69.4% | 1.5 yrs | Jan 20, 1983 | 2.1 yrs |
| Dec 28, 2007 | Jan 20, 2009 | −60.9% | 13 mo | Oct 21, 2009 | 1.8 yrs |
| Oct 5, 1987 | Oct 16, 1990 | −57.8% | 3.0 yrs | Feb 8, 1991 | 3.3 yrs |
| Sep 19, 2012 | Apr 19, 2013 | −44.4% | 7 mo | Aug 19, 2014 | 1.9 yrs |
| Jan 13, 2006 | Jul 14, 2006 | −40.8% | 6 mo | Nov 16, 2006 | 10 mo |
Price basis (no dividends) — the convention crash histories use. With dividends reinvested, recoveries arrive years earlier; switch the basis on the chart above to see it.
Drawdown vs what came next#
One dot per month since 1980: how far Apple Inc. stood below its all-time high, and the total return over the following 1, 5 and 10 years.
Read this with survivorship bias in mind: a single asset's history is one surviving sample, so past recoveries here say little about the odds ahead. Monthly windows also overlap heavily (they are not independent samples). Not investment advice.
FAQ#
- How far is Apple Inc. from its all-time high?
- Apple Inc. is currently 2.3% below its all-time high, set Jul 28, 2026 (as of market close, Sep 11, 2026). Prices only, the convention headlines use; with dividends reinvested the gap is usually smaller.
- What was the biggest Apple Inc. drawdown ever?
- The deepest decline on record in our data (since 1980) took Apple Inc. 82.2% below its prior high, bottoming Dec 23, 1997. The table on this page lists every major episode with its peak, trough and recovery date.
Methodology & related#
Daily data since -1 from AAPL; no free deep history exists for Apple Inc. — for a 150-year drawdown record see the S&P 500 drawdown page. The price basis excludes dividends; the total-return basis reinvests them; the real basis additionally deflates by CPI. See also returns by year. Past performance does not predict future returns; not investment advice.