I don't think it is so much Apple, per se, that is nearing the bubble burst as the broad category of mobile gadgets. The "was it worth it" question applies to

I don't think it is so much Apple, per se, that is nearing the bubble burst as the broad category of mobile gadgets. The "was it worth it" question applies to the category more than the particular company. Right now I see a lot of these mobile gizmos being sold as status markers and fun toys. Sure, for some they are valued tools but mostly: status marker and/or toy. A status marker branding for a mass produced, mass market item is inherently self-limiting (status markers have to be unusually expensive and scarce to last). A fun toy branding for a product that is fundamentally expensive to obtain and operate month to month is on a collision course with economic reality -- especially when it's a product that breaks easily, is easily stolen, and, anyway, needs to be replaced every few years. I'm not claiming I can "time markets". Apple may very well have several more great quarter or, if the stars align, might tank after two. I am saying a sharp downturn seems to me to be inevitable and not too far out.