Tutes are buying because AAPL is now selling for LESS than 9X minus cash. Cash next year this time estimated to be about 150 BILLION with a B. Back out the cash, and the stock is essentially selling for about 400 bucks...a screaming lifetime opportunity.
Um, same thing happened with iPhone 4S last year: Apple cut orders massively for Q1. Apple went on to announce a BLOCKBUSTER Q4 for iPhone 4S sales. History doesn't repeat, but it certainly rhymes. You are too bearish.
The only threat to Apple is how much growth in smartphone market Samsung may be taking. As long as Apple can grow sales by 10% a year, it's a strong buy here.
Smart people... becaue they want to make money. Buying this strong of a large cap growth company at this discount is an amazing opportunity. When back up to $600 in 3-4 months you will be kicking yourself for not closing your short position and going long.