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Apple: Great Company with Lofty Valuation - Due for Pullback

I think Krieger is missing the significance of the foothold that iPhone has in the 'mobile space', as the jargon goes. It has no competition more than a year after its introduction, but what it certainly does have is the means to be redefined/expanded into whatever more you'd like it to be, with a couple of clicks. The App Store has seen to that. I think people are just seeing how this will change everything.
And again, Apple's vertically integrated platform has no competition because Apple owns all the parts, from hardware to the App Store.
I say hold Apple for the long term; pullbacks are just buying opportunities for this company. Just my opinion.