If Cramer is correct that the hedge funds and mutual funds are locking in their profits and taking an extended vacation will result in many more low volume days and maybe a sideways move in the markets. I wonder what happens when they return from vacation?
If you brought this comment up 6 months ago, your point would be sounded. However, as all things are being equal, other products are greatly contributed to the Apple earnings. Would you believe that Apple sold 67 millions Ipads in 2 years. It would take 5 years to sell that many units for Ipods and 3 years for Iphones. Clearly, Ipads are generated more revenue then any other products.
No doubt that other competitors are giving Apple some challenge, especially Samsung. That is why Apple will continue to come up with new gadget or improve the existing one for less cost. Imagine ALL China parts in your Apple products...
It is noted that there are many upgrade for Apple lately. Looks like the investors are using this advantage to cash in Apple and buy other techs. It is why QQQ stay up while Apple is falling. Seems like QID will resume its slide.
There is one point you missed. The Iphone is the heart and soul of Apple. All of the other items are a mere drop in the bucket. If Apple cannot sell 33 million Iphones each quarter they are doomed. Android phones are slowly eroding Apple's market share. I give Apple 5 more years and they are done.
The price increase in AAPL is mainly caused by the bears bailing out of the stock. Funny they don't mention this. Apple's numbers are suspect because the two biggest sellers of the Iphone AT&T and VZ reported slow sales of the Iphone. So who did Apple sell the phones thru that are carriers.?