Apple Inc. AAPL 0.66% enthusiasts are giddy this week as the company hosts its annual Worldwide Developers Conference (WWDC) in San Francisco. While techies await news of the latest developments in Apple’s cutting-edge product evolution, Apple shareholders are watching the ticker and hoping that this year proves an exception to the general rule that Apple’s stock tends to under-perform during WWDC.
The Numbers
During the past 10 years, Apple’s stock has dramatically fallen during the week of WWDC. In fact, the stock is averaging a decline of 3.7 percent during the last 10 WWDC weeks. This underperformance is not simply a case of bad timing either: Apple’s stock has lagged the S&P 500 by an average of 4.0 percent during these periods, according to USA Today.
Reason For Hope?
Apple’s stock has…
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