Apple makes Billions every quarter and is trading at 9 times earnings. It's down big over the last 8 sessions while the SPX is up. CRM loses money every quarter and is still beating the SPX. Fundementals mean nothing!!!
well now, most of apple's profits are iphone, and obviously, that gold rush will be over in a few years. The iPod is over. The iPad is facing non-profit competition from the Amazon and Google, (razors vs razorblades) and it is already lower-margin. (It isn't like sales automation software or cloud infrastructure, where features and reliability and ease of use make it profitable to pay double.) Three years from now, Apple could be back to Mac.
I sold all my Apple on the way down. I have started buying it back, 1/10th at 404, next buy is 382. Two more years of iProfits are coming. That plus the cash hoard covers most of the stock price; Mac business is probably worth $50/shr ; and the rest is spec hoping for something insanely great.