The short term bottom has been reached on this stock. It will head higher from here. The average analyst recommendation is a BUY rating with a price target of $50.63. The current quarter's estimate of $1.41 is easily reachable, given the huge demand of iPhone5's and iPad mini's. Apple is opening 4 more stores today in China, Hong Kong, Australia and Sweden. The growth expansion continues and this story is still relevant and will be for years to come.