Posted: 2013-02-03 @ 8:50pm PT
I find it very interesting that the way that Apple stock is judged is not directly in line with anything even approaching logic. The company has grown exponentially in a way that was obviously unsustainable. The main thing that these analysts are missing is that even though Apple is not growing exponentially, they are still making money hand over fist, with no sign of slowing. Their earnings in the last year actually beat analyst predictions, and set another record year for the company.
If this article were being written about ANY other company besides Apple, the title and content would be singing the praises of a Wall Street wonder-stock. If Apple is anything right now, it is a steal. As soon as the 'analysts' lowing their targets witness the staying power of a company that prizes innovation over "the bottom line", they will most likely be changing their tune (and it will definitely not be the first time).