A few reasons off the top of my head:
Nothing new coming down the pike.
MobileMe a flop
No new iphone on the horizon
cannibalization of MAC line
ipod sales going down 20% every quarter from here on out
Xoom and Tab and Playbook taking hold
Jobs health will keep this in the low 300's even with blowout earnings. -20% if he passes.
Amazon coming out with tablet. -8% when this news hits
The Android invasion.
No stock split
Insider unloading 99% of his holdings (red flag)
Market getting ready to turn over.
Growth has peaked.
Very very few Chinese can afford Apple products
Increased competition everywhere they turn
Hard to grow or sustain a $330bln market cap
Crowded retail trade (take a look at this board)
Heavy call buying through 2011(these calls will expire worthless)
And the big one: The Law Of Large Numbers
I'll be short till the $270's. Good luck shorts, you won't need it.
iPhone 5 will be identical to the iPhone 4 in many respects
8mp camera and a little bit faster
Aapl will continue its slide as retail traders keep buying shares and calls. Evidence this board: 95% of posts are about how undervalued aapl is. When the longs wake up and smell the coffee will be the time to buy, when that happens is the 64k question
Nope. Apple will reverse and soon. A massive down day will lead to panic selling in the tech bubble world. Capital will flow to Apple like nobody's business. All the shorts will be caught off guard, expecting Apple to crater as well. Institutions will recognize what's going on and squeeze the hell out of the shorts who are facing margin calls from all of their spec bubble stocks (not to mention the impending commodity selloff).
not enough to support a $300bln market cap...you longs don't understand the numbers they have to post every quarter just to hold this in the 300's...markets are looking out a year when apple growth grinds to a halt