Apple (AAPL) Shows Rare Under Performance from Possible 'iPhone Top'

When's the last time you remember Apple (Nasdaq: AAPL) underperforming its peers, whether it be smartphones, laptops, or the like? Hard to imagine?

Let's take a look at what might unofficially be called the "Apple Top," or, better yet, the "iPhone Top," which occurred in September following the jubilant release of its iPhone 5 coupled with supply issues and the map application which started the move lower.

Since September 24th -- the day Apple officially announced iPhone 5 sales for its initial three-day selling weekend -- the stock has falling 13.7 percent, from just above $700 to just under $600 today. Here's a few mentionable peers and their performance over the same time frame. (With the exception of Google's earnings debacle, other companies also released results for the most recent quarter and all basically had events since then. Apple held its iPad Mini event last week, remember):

• Google (Nasdaq: GOOG) - down 9.6 percent from $749.38;
  
• Microsoft (Nasdaq: MSFT) - off 6.9 percent from $30.78;
  
• Nokia (NYSE: NOK) - just 2.2 percent lower from $2.74; and
  
• Most notably, Research In Motion (Nasdaq: RIMM), which is up a staggering 22 percent since the period.

The S&P 500 is down 3.2 percent and the Dow Jones Industrial Average is off 3.4 percent over the same time frame.

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