Lets say Apple has saturated the U.sS. consumer smartphone market
Does that mean that there growth is also over in
1. China(iphone and ipad)
2.India(iphone and ipad)
3. Education market(ipad)
4. Enterprise(iphone and ipad)
New products on the way and all the above not to mention more return of cash to be announced within 30 days.
This Q has ultra light expectations and we are still down 35% from high. Sell if you must but I can't talk myself out of Apple.
Doc...as you know there is also Brazil, Russia, Africa, Middle-east to support strong growth for years. Also, in the U.S. the less-expensive iPhone will spur growth where many say the market is nearly saturated.
Like you, I can not see a reason to sell. My investing time horizon is greater than three more years. This recent five-month pullback will be a mere blip on the radar by the end of 2015.