1 O/S is nearly 1B shares
2 No more newly iToys since there is a limit to human inventions
3 CEO/BOD/Employees' bonuses and stock options are outrageous
4 Dividends are eating AAPL lunch and dinner
6 Samsung/Google/MSFT have just started eating AAPL market shares Less
Apple is the Only Smartphone Maker and IPAD Maker, among the leading companies, that has its OWN SOFTWARE OPERATING SYSTEM, and it works better than Windows (Nokia) or Android (Samsung, LG, HTC, Amazon...etc.). Plus Apple has the most Apps. by far for its Tablets and Phones, and the customer base willing to spend on Apps. (so its taking in over 4X as much money for Apps. as is Google from the much larger user base of Android (often free to purchase phones in third world countries).