Apple will settle down when its P/E is around 7 like Dells and other computer manufacturers.
It is no longer a growth company and must shrink its p/e to be in line with a 10% grower. We could see panick selling bring the p/e lower like 5. That would put the stock at $ 220 and then we could say all this is baked in. I agree with one article I read that predicted $ 39 earnings for 2013. This would put Apple at $ 195-$273 per share. There could be further downside from there but if the fundamentals hold up we could stay over $ 200.
Could happen, but Dell is a lousy comparason. To put your take in perspective it's best to give it a chance,... which is roughly 1 in 10,000 to be conservative on how far fetched your idiocy has dragged you.