"Apple may do well in the shortterm, but I'm not so sure about the longterm."
I'll give you one example of incredible growth found in Apple data. That the iPad is cannibalizing PC sales is no secret. Gartner estimats PC shipments fell 8.3% in 3Q. However, to
isolate the iPad’s impact on PC sales is difficult because there were other factors contributing to 3Q disappointing shipment number. So let's focus on one market where the impact of the iPad can be quantified: the U.S. education market (Apple provides iPad shipment data in this market). PC shipments in the U.S. education market occur throughout the year, but they’re concentrated in the educational buying season in June and September quarters. Mac shipments in the education market during the education-buying season have held relatively steady over the past three years despite the introduction of the iPad. In 2Q12, they fell just 0.1%. This suggests the iPad has NOT materially cannibalized Mac sales in this market. But it’s a different story for non-Mac PCs: Non-Mac PC shipments FELL 19% year over year in 2Q12 in the educational market. This is an area of exceptional growth for Apple now and in the future. Good luck investing.