Sure, margins are shrinking and growth is beginning to slow. But just because growth is slowing, doesn't mean the company still isn't growing. Even by the most pessimistic outlooks, Apple's stock will go higher on the heels of the buyback program, an ever increasing cash hoard and continued sales.
The June quarter will likely be weak and may prompt further selling. I still don't think Wall Street knows what to do with Apple. My thoughts, however, remain that we will see what the company has to offer later this year. It doesn't have to change the world, just improve it. If the products are a flop, then sure, off with his head. At the time of publication the author is long AAPL.Follow@traderboy23This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.