Projections are worthless when the financials are unfolding like they have been the last 3 quarters. Not just in AAPL but in several companies. Of course CEOs are going to try to put a positive spin to try to fight off the negativity building this year. AAPL is a strong company with a reasonable P/E but there are some big corrections coming to several other players. I just wouldn't bank much on anything said by Cook at this moment.