Apple needs to make some big changes. The flaw in their business model is beginning to show itself, again (1980s).
More flaws in the reporters and the investors......
Everything is portrayed as a horse race - when it is not! I would never expect Apple...or one company...to have a majority of USA or world-wide smartphone sales. The trick, as we saw in the PC space, is actually making some profit on what you sell.
Basically, most mobile phones from this point on will be smart phones. The market is about 2 BILLION phones per year (looking a year forward). If even one billion are smartphones and apple sees 25 or 30% of that, that's 200-300 million phone sales per year! Heck, they just sold 48 MILLION in one quarter.
No, they won't be supply the Indian or Chinese lower-middle class or the African mine worker. But they are skimming most of the cream.
They also have close to 140 BILLION in cash. This is unheard of.
I think this is a company that is very measured about they way they do things and is not going to react to what every reporter, pundit or investor tells them to do. They will probably buy back shares while it is cheap (that's what some of that cash is for) and perhaps increase the dividend.
But selling now at 10X or less future earnings? That's a joke. Even very low valuations would put it worth 50% or more than the current price - and $1,000 a share is certainly not vastly overvalued in the coming 2 years.