$1111? $425? Lower than $425? I have a different theory. I think Apple is shifting from being a growth stock to a value stock — a long-term investment rather than a short-term one. Its decision to start paying a dividend last year was the beginning of this transition. What could happen now is that Apple will plateau, settling into a trading range between $450 and $550, frustrating investors who buy and sell the stock based on the premise that they'll see big moves in short periods of time.
In the end, that will be good for Apple and good for non-professional investors who believe in the company and want to own it for the long haul. But it may mean that people who bought at $700 will have to wait a while to get back to where they started.