This is the companion piece I referrenced in my Amazon post and a couple of others. AAPL should top this week BEFORE the earnings get released Thurs. after the close. It could play out with a bad report that causes a sharp selloff (my preferred scenario) or if the report isn’t too bad, it may just begin a slow grind lower over months. The primary target, which will probably take some time to reach, is the gap around 95. Unlike Amazon, Apple is going to likely go from a growth company to a slower growing, income producing company, with it’s eco-system providing a steady income stream while the sales of devices slows considerably in the coming years. When the board wakes up to the fact that they can no longer grow like they have for years (law of large numbers and saturation of high priced devices) they will start to allocate more cash flow towards dividend payments and less to buy backs of a highly over priced stock. I believe this is the main reason Buffett has such a large stake in Apple. He knows the growth will be slowing dramatically and the moat eco-system will provide lots of cash to increase the dividend in the years to come. Buffet loves getting dividends from his investments but won’t actually pay one out on Berkshire.