Apple isn't selling at a premium though. It has a pe of < 12 when you take out the cash. I agree that things go down when expectations aren't met, the thing is

Apple isn't selling at a premium though. It has a pe of < 12 when you take out the cash. I agree that things go down when expectations aren't met, the thing is the expectations don't make any sense at all. Apple is the only company in the world that could grow 54%, have a pe of 12, and still go down.