Even as the most attractive company for the past 10 years, investors will only look at growth potential. The chart shows the quarter's year-on-year growth for Apple's top products. As you can see, iPod has been on a downtrend for sometime already. So what are the runners and gym junkies using to listen to music while they work out? Or has the number of people exercising started to deplete?
The ever popular Mac is a solid performer over a much longer period. Looking forward to the next Mac, always a design wunderbar. What is worrying is the declining, almost flat growth year on year for IPhone. The trend is worrying as the longer it stays that way, it will allow others to eat into their market share. They had better come out with a new Ipohone within the next 3-6 months, and not just cosmetic changes.
The IPad saw great acceptance two years back but is seeing a similar fate as IPhone. If Apple fails to be innovative as they were under Jobs, then they will turn into another Microsoft. Investors will rate it for its cashflow, cash hoard and dividends.