2013 Market Prediction

One of my predictions for 2013 came true before the first quarter was even up. I said in January that Apple’s (US: AAPL) stock price is likely to drop to $420 before it reaches $700 again. I also noted that margins will likely get squeezed throughout the year, and its ability to create new and innovative products could slow considerably. The day I made the prediction AAPL opened at $528. On March 4, 2013 AAPL trading hit a low of $419 – in the face of a market that increased by 6.94% over that same time period.