However, just as it took years to dig themselves in, it will take years to dig back out.
There may be some opportunity in the stock though. Apple stock moves more by emotion than anything else. If Apple devotees see a ray of hope the stock will shoot up like a rocket.
They've had so many bad quarters though, this $40 some million profit of the last quarter isn't going to build any confidence but watch out if they can improve that performance next quarter then the one after that.
I don't think they'll ever assume the position in the industry they once had but Jobs seems pragmatic if nothing else as evidenced by the alliance with Microsoft that he used to bouy the shareholder's hopes last quarter.
Its market cap has crumbled...It is much inferior to the likes of DELL and CPQ..If you are not convinced, ask yourself if you would buy one over the aforementioned. Like I said, AAPL is history...For a short term gain, it might be o.k. though.