RE: RE: Just noticed AAPL down $37 today AAPL has a lot of cash, but you have to keep that in perspective. At $700 a share, AAPL had a market capitalization of roughly $700B, making it the largest company in the world. Invariably when companies get so large so quickly, two things happen:
1. Competition emerges (see WP8 and soon to be BB10)
2. Growth rates decline. It's easier to grow at 50% when your revenues are $1M than when your revenues are $1T.
As Yasch pointed out, the AAPL moat isn't wide or deep enough to protect their sky-high margins in perpetuity. I expect AAPL the company to continue doing quite well, but that doesn't mean the share price is heading to $1,000. I'd seriously consider buying it around $350-400 or so, though I doubt it ever gets that low.
All in my opinion (as always) of course.