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Apple May Do Something It Hasn't Done in Almost Two Decades

Apple's stock declined nearly 1 percent in midday trading Monday, putting it on track to do something it hasn't done in nearly two decades.

If the tech giant end the trading session lower, it would extend its losing streak to eight days. The last time Apple fell eight consecutive trading sessions was July 1998.

Apple Announces New, Smaller iPhone 0:57

Apple's stock, once considered a darling among Wall Street investors and analysts, has been under pressure recently.

Read More: Apple is Not Doomed! Four Reasons Not to Give Up on the Stock

The company reported its first-ever quarterly decline in iPhone sales last week, as well as its first year-over-year quarterly sales drop since 2003.

Over the past year, the stock has fallen more than 25 percent, and has shed nearly 12 percent in 2016.