Surprise No. 8: Apple's share price and earnings continue to disappoint in the first half of 2013.
- A consistently low share price for Apple persists in the first half as earnings estimates are steadily reduced, owing to lower production rates.
- Tech stocks (in general) and Apple's stock (in particular) sell off after Senator Levin's subcommittee finds that companies have avoided huge amounts of U.S. taxes in offshore tax havens.
- Two important product releases lead to an improving share price for Apple in the second half.