I heard talking head (Jeff Macke) saying Apple is not a growth company. According to wikipedia: To be classified as a growth stock, analysts generally expect companies to achieve a 15 percent or higher return on equity. Apple is doing that and better. It's almost like there's a media conspiracy of denial against Apple.
I do agree that Apple should have made a bigger phone to match the competition though. You can't get too complacent or arrogant.
Good point. Even with reduced growth expectations vs. last year (meaning its not growing amazing 50% in sales and earnings), Apple's still growing alot faster than most other companies in terms of sales (which were up over 25% last quarter adjusted for same # weeks vs. prior accounting period, or up 18% even without such adjustment). However earnings barely grew. But of course Apple had unusually high gross profit margin% the prior year, at over 40%, and that came down some. Over all, yes Apple's still growing faster than most "growth companies" in the S&P500. Just that CNBC still has an agenda here, rather than just reporting the news.