Re: We're past peak APPL
A lot of people said we hit peak Apple back in fall 2012, when the price dropped almost 45% in the following nine months. But then it gained it all back and last summer peaked over 30% higher than the 2012 peak. The drop from that new peak of 132 to its low of 90 a couple weeks back is almost identical to the previous 45% drop. Given its very low P/E versus the rest of the tech world there's plenty of room to grow - it is certainly possible it might peak even higher someday.
So far we've had exactly one quarter where iPhones sales dropped year over year. Assuming that holds true for this quarter and the next, all that says is that there was a ton of pent up demand for a larger iPhone that caused a big spike in sales for the 6 that they may never be able to match unless a similar "must have" feature is added. There's no indication that year over year sales drops will become a regular thing, more that they're leveling off at a pace a little slower than the red hot sales pace of the 6.