It comes down to this: Wall Street wants to write the script. Innovate, market, reduce price, commoditize, take over market share, repeat. Since most people on Wall Street have the actual intelligence of a Llama, once this dogma is in their head, it don't come out. Problem is Apple does it differently, they innovate, market, keep price steady, focus on user experience and get people to pay higher prices for better equipment and experience, don't take over market share, make most of the profits, repeat. Since the dumshit Llamas don't understand this, they assume the sky must be falling when the standard tech script isn't played out. They chase their tails, eat their own feces, and dump all their stock until someone else on a news program convinces them that it's ok...for now...at least until the next earnings call.
How can a company making almost all the profits in an industry that is getting destroyed by it, and the only other OEMs managing to actually SELL anything in this industry have to copy Apple's products have anything but an excellent outlook for the next 5 years. I think it's really clear that Apple has rewritten the technology business script, and until all the Llamas die off, this will continue. I hate being an Apple Investor because I want to invest in companies doing all the right things, makes good money, and shares a handsome dividend, AND truly cares about what they do, and Apple just keeps getting killed at a P/E ratio so low, you'd think every automated trading program in the world would buy a chunk, while Twitter and Facebook and Amazon trade at an order of magnitude higher P/E. Whatever, I enjoy being part owner of Apple...and their price WILL come back.