I think most sell off is driven by fear of next potentially disappointing quarterly announcement compared to same holiday quarter of last year. Apple's center o

I think most sell off is driven by fear of next potentially disappointing quarterly announcement compared to same holiday quarter of last year. Apple's center of success is gigantic subsidy from mobile operators. Investors might have reason to believe that this model is in great danger because of astonishing slew of similarly capable alternatives available to operators. On iPad front they already essentially cut their absolute margins big time by releasing iPad mini. Add introduction of slew of upcoming models running Surface/Win8 in to the mix and you can see that Apple's gigantic revenue streams are in great danger. The fix for this would have been new products by Apple and that's what Mr Market has been expecting for long time. But instead we have only seen new minor versions of same old. The reason Apple's stock has been able to climb at accelerated pace so far was continuous stream of new products every 3 years and that seems to be gone now. Perhaps that might be the reason for Apple's new employee initiative of 20% time?