Apple is having its day just like every stock has, just think back of how many companies were on top, that so many thought they would continue to succeed and continuously out shine forever and today are totally forgotten about...there are hundreds and hundreds of companies that have been on top of their game only to lose it.....
Remember when anayslys thought cisco was going to be the first trillion dollar company in the world hahahah
remember when aol could do no wrong....growing their subscriber base to tens of millions of customers...today no one knows what AOL is....hahah
remember netflix trading above $300, stock down over 50% in a few months due to change in their pricing structure
Remember rimm and how everyone was buying up those blackberries like they were going out of style, stock now down over 75% from its highs.
remember crox, everyone thought the hot trend was here to stay for the next decade or 3
how about taser
remember in 1999 when analyst Walter Piecyk at PaineWebber put a $1000 price target on QCOM!!! hahahaha
What im trying to say is that every stock usually has its time to shine and right now apple is doing that, can it continue this crazy growth, it probably can for the time being, but everything changes over time. Just because they sold over 30 million iphones in one quarter doesnt guarantee that they will continue to sell 100 million iphones a year, competition is getting very fierce especially from the likes of samsung, there is always new competition in this world of change and today it can happen very quickly. As fast as apple has grown over these past few years means they have to continue and grow this fast quarter over quarter... Each time they out do themselves it just makes it that much harder to continue that trend....in 2011 apple sold 72 million iphones, to keep this pace up apple and have at least 50% growth yoy apple will now have to sell 108 million iphones in 2012 or 27 million a quarter, as time progresses that growth eventually does fall because of market saturation and competition. Apple should continue to outperform today, but do not think for a second that this can last forever.