You say that people aren't looking at the market rationally, but look at the volatility in AAPL just this week. It's decidedly not normal for a stock with a pri

You say that people aren't looking at the market rationally, but look at the volatility in AAPL just this week. It's decidedly not normal for a stock with a price that high to see 4% fluctuations day-to-day unless there's real news The market is adversarial, which is why it is seeing the fluctuations that it does (doubly so because it is an equity that most have been incredibly bullish about until quite recently, so it's at a potential transition point). The market is entirely rational, though the positions and perspectives that define each persons idea of rational vary. I'll also point out here is that Apple has all of the profits in the industry, even if it doesn't have the marketshare. This is an odd note to add on the end. Aside from Samsung making egregious profits as well (on a "commodity, race-to-the-bottom" platform), the fact that Apple makes so much profit in the consumer electronics market -- a market where profit margins average low single digits -- is exactly what makes so many nervous about Apple's long term outlook. The iPad Mini, for instance, is all about trying to save an iPad sale that they might have lost, at the cost of significant profit. For the first time ever I am seeing sales on Apple devices, including the latest and greatest. All is not at all what it was a year ago.