KenC

Why Apple Stock Is Poised To Go Flat - At Best

1) It's better to have room to grow, with 5% share, than to have no room to grow.

2) What if the sky is falling? Honestly, mobile IS the next big thing. Also, recent projections DO NOT tie a significant amount of revenues to the App Store. Even if it were generating $1B in sales, Apple only gets 30%. No one is baking a large amount of sales in to the share price, due to the App Store. As for game developers, the fact that there are probably 10 million iPhones now, and probably 50 million iPhones by the end of next year, in the marketplace, with easy access to the App Store makes any other mobile game device dead in the water. Game developers, the TOP game developers are flocking to the iPhone, because of its installed base, and secure sales. No pirating of software. Your contention of another device is fantasy.

3) Are you an investor or a trader? If you are an investor then Steve's health is not an issue, it's the product that matters and Apple's roadmap. Also, Steve is nearly at the 5-year benchmark for being "cured" of cancer.

4) The price premium is a myth. iPods are not premium priced. Apple's margins have fluctuated from 27% to 35% over the last 5 years. They are not dropping margins on hardware to gain App Store sales. The App Store is breakeven, and brings down margins. Also, Apple's rivals have been targeting the iTunes store for ages, and have had zero success. That's Amazon, Walmart, Microsoft and others. What makes you think they will do any better in the future?

5) The macroeconomic environment has been bad for a while now, and there has been no bump in Apple's sales or earnings. They've been hitting record after record.

Every one of your 5 points has no factual basis, they are all conjecture. If you are going to do some analysis of Apple, you need to study the subject a little harder. You cursory glance is very superficial.