Apple’s share price just suffered an eight-day losing streak – its longest since 1998
Apple shares have posted their longest losing streak since 1998, closing lower for the eighth straight session today.
The tech giant's stock closed at $93.64, although they have been marginally declining since 20 April, when its closing share price was $107.13.
Read more: Apple's share price drops after revenue misses expectations
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Apple's share price fell more than seven per cent immediately after the company announced disappointing results for its second quarter last Tuesday.
Its revenue miss was worse than expected, coming in at $50.6bn (£34.6bn), below analyst expectations of $52bn. Earnings per share for the second quarter were also lower, reported at $1.90, against analysts' expectations of $2.00, according to a survey by Thomson Reuters.
Read more: What you need to know about Apple (other than that revenue drop)
Apple's results were widely anticipated to be lower in the second quarter, marking the company's first decline in revenue since 2003, driven by a fall in iPhone sales.