People can't sell Apple stocks fast enough IMO. Tim Cook seems to have no vision for the future, and "where there is no vision, the people perish."
Let's wait a few years before we decide if Tim Cook is just riding the wave of prior success.
The signs are out there. The cop-out design of the iPhone 5, the "blue sky" initiative started with the employees -they are scrambling for new ideas.
Steve Jobs was the soul of Apple. His fire is gone. He took it with him.
Especially when Steve Jobs was personally involved in all of these decisions.
http://www.asymco.com/wp-content/uploads/2012/11/Screen-Shot...
Apple makes more money now than it ever has, so the current drop isn't necessarily more or less predictive than the previous drops have been.
We have no idea what sort of products they have in the pipeline.
They have a TON of cash.
Steve Jobs was just a man. His vision flip flopped all the time. Apple is slow and very methodical in its product decision making. They make very precise decisions, and often these product directions are mocked initially, but that eventually changes.