Apple Inc shares fell 0.16% to $312.18 on Tuesday as the technology sector faced a broad selloff, dragging the Nasdaq and S&P 500 lower. The stock is trading near its 52-week high of $317.39 but remains under pressure due to sector rotation into Energy and Real Estate. Despite the decline, Apple is holding up better than many large-cap peers, though the weight of the tech selloff keeps it in the red.

Tech Sector Weakness and Market Breadth

The technology sector dropped 1.78% during the session, shifting market leadership toward Energy and Real Estate. Market breadth showed a mildly positive advance/decline ratio of 1.2, offering little support for growth stocks. Apple's performance remains relatively resilient compared to the broader tech sector, but it is not immune to the prevailing selling pressure.

Foldable iPhone Delay and Shipment Forecasts

Analyst Ming-Chi Kuo's latest supply chain assessment suggests Apple's first foldable iPhone could launch later than the rest of the iPhone 18 family. Kuo estimates total assembly shipments of 7 million to 8 million units in the second half of 2026, with third-quarter volumes projected at just 500,000 to 1 million units. This compares unfavorably to the estimated 20 million to 22 million iPhone 18 Pro and Pro Max units expected in the same period.

Kuo drew a parallel to the 2017 iPhone X rollout, suggesting Apple may unveil the foldable device alongside other new models but delay preorders and retail availability by several weeks due to manufacturing constraints.

Technical Indicators and Key Levels

From a technical standpoint, Apple remains in a well-defined uptrend, trading 5.8% above its 20-day and 50-day moving averages. The stock is also 12.5% above its 100-day moving average and 15% above its 200-day moving average. A golden cross established in September 2025, when the 50-day moving average crossed above the 200-day, continues to provide a longer-term constructive backdrop.

The MACD is above its signal line with a positive histogram, indicating buyers are reasserting themselves after a recent pullback. Key resistance sits near $317.50 in the 52-week high zone, while $287.50 represents the next meaningful support level below current prices.

Five Nasdaq 100 technology stocks have historically outperformed the broader market in July, led by Apple Inc. with an average return of 7.28% over the past 20 years. The S&P 500, tracked by the SPDR S&P 500 ETF Trust (NYSE: SPY), rose an average of 2.56% in July during the same period, finishing higher 80% of the time. The tech subset identified includes Lam Research Corporation, Qualcomm Incorporated, ASML Holding N.V., Alphabet Inc., and Apple Inc.

Apple tops the list with a 90% win rate and an active 10-year streak of positive Julys. The iPhone maker has closed July in the red only twice in 20 years, in 2008 and 2015. Apple is set to report fiscal third-quarter results on July 30 after the market close.

Alphabet Inc. delivered an average July return of 5.76% with a 75% success rate. The Google parent recorded its best July in 2015 with a 21.75% gain and its worst in 2008 with a 10.01% loss. Alphabet strung together nine straight positive Julys from 2015 through 2023 before a decline in 2024, followed by an 8.89% rebound in 2025. Shares are up 16% year to date.

ASML Holding N.V. averaged a 5.05% return in July with a 60% hit rate. The sole supplier of EUV lithography machines saw its best July in 2022, rising 20.71%, and its worst last year with a 13.31% drop. Despite falling in each of the last three Julys, the stock remains one of the strongest large-cap performers of 2026, up roughly 55% year to date.

Qualcomm Incorporated produced an average July gain of 4.19% with a 60% win rate. The chip supplier's standout performance was in 2008 with a 24.72% gain, while its low was in 2006 with a 12% loss. Qualcomm has posted back-to-back negative Julys in 2024 and 2025. Shares are up 4% year to date.

Lam Research Corporation averaged a 4.01% July return over 20 years, finishing higher 60% of the time. Its best July was in 2022 at 17.45%, and its worst was in 2024 at -13.49%. The chip-equipment maker has slipped in each of the last two Julys but has surged 79.6% year to date. Lam is set to report fiscal fourth-quarter earnings later this month.

Historical July Performance of Selected Tech Stocks