Apple stock closed on October 9, 2012 at $635. While up $247, or 64%,  for the year, the stock price has dropped 70 points, 10%, from the peak of $705 reached on Sept. 21, 2012. Where will it go next?  What caused this 10% drop? And what about Amazon, Google, Microsoft, & Research in Motion?

Here’s what I think:

1. Apple (AAPL) will announce earnings on October 25, 2012. I expect $46.79 to $48.9 per share on an annualized basis, up 10 to 15% from the current $42.54 per share.
2. Apple’s share price will increase back to $700, and then to $750 by year-end, 2012.
3. Amazon (AMZN), Google (GOOG) and Microsoft (MSFT) will be stable thru to year-end, 2012.
4. Research In Motion (RIMM) will be acquired by June 2013.

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