By Philip Elmer-DeWitt
December 25, 2012

FORTUNE — Despite the three-month-long drubbing that lopped $248 billion (26%) off Apple’s market cap, its shares are still up 28.39% for the year.

In fact, many analysts believe those gains are the primary reason the stock fell from its all-time intraday high of $705.07 in late September to Christmas Eve’s close of $520.17. Investors hoping to take their profits before possible changes in the capital gains tax rates didn’t have that many places to turn. In fact, of the major U.S. tech companies, it’s likely that only Apple and Microsoft will end the year in positive territory.

Here’s where the big five stand:

Apple (AAPL): +28.39% for the year
Microsoft (MSFT) +4.24%
Intel (INTC) -14.89%
Dell (DELL) -30.01%
Hewlett Packard (HPQ) -45.6%

The S&P 500 — up 16.3% for the year — did better, but not as well as Apple.

One tech stock that did do better is Samsung, up 33.6% on the Korean Stock Exchange.

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