AAPL drawdown: at its all-time high
Apple Inc. (AAPL) is trading at its all-time high (as of market close, Jul 24, 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. "All-time" means since our price data begins (1980).
- Below all-time high
- at the high
- 99.8% of ATH
- All-time high
- $333.7
- Jul 17, 2026
- Time below the high
- 0 days
- since Jul 17, 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
- 8 days ago
% 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.
% of all-time high on the price basis — the all-time high considers the full history of AAPL, including years before the visible window. Dividends are excluded on this basis (the convention headlines use).
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 AAPL 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: AAPL is on this chart precisely because it survived — the many stocks that fell this far and never recovered (or were delisted) aren't on anyone's chart, 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 AAPL from its all-time high?
- AAPL is currently at (or within half a percent of) its all-time high, set Jul 17, 2026.
- What was the biggest AAPL drawdown ever?
- The deepest decline on record in our data (since 1980) took the stock 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 closing prices since 1980 (split-adjusted). "All-time" means since our price data begins — AAPL may have traded earlier. For a 150-year index 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, 150 years of returns and the rolling-returns explorer. Past performance does not predict future returns; not investment advice.