Shares of Apple (NASDAQ:AAPL) are souring fast, with the iPhone maker plummeting into correction territory (down just north of 14% at the time of writing) over a relentless storm of analyst downgrades.

In the past five years, the S&P 500 (SNPINDEX: ^GSPC) has generated a total return of 92% (as of Jan. 14). That's a fantastic gain that's above the historical average. A strong market backdrop has lifted Apple (NASDAQ: AAPL) even further.

Apple shares are close to key support. Breaking below $217 would bring $208 into play, according to technical stock market analysts.

Apple (AAPL), and the stock has lost over 11% so far, extending its drawdown from all-time highs to over 14%. It also lost its status as the world’s largest company to Nvidia (NVDA), whose share have looked unstoppable over the last few years.