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

Logo of U.S. technology company Apple is seen in Zurich
The logo of U.S. technology company Apple is seen in Zurich, Switzerland April 5, 2016. REUTERS/Arnd Wiegmann

Breaking News Emails

Get breaking news alerts and special reports. The news and stories that matter, delivered weekday mornings.
/ Source:
By Fred Imbert, CNBC

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'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.