The stock got a bit of a reprieve Monday, with RBC Capital Markets analyst Amit Daryanani saying the "magnitude of investor negativity is likely overdone." Investors could also still find reason for optimism in the potential for strong growth from Apple services and an upgrade to the company's capital return program. Morgan Stanley said it expects Apple to increase the program by $150 billion to a cumulative total of $450 billion by 2020 and raise its quarterly dividend to 94.5 cents a share from 63 cents.

Source: Los Angeles Times April 30, 2018 18:22 UTC