The pundits and analysts are ridiculous, but I will acknowledge that it's very easy to be manic about this stock.
The reality is, however, it isn't going to zero, and it's not going to 1000. I love apple since the IIE and IIGS. But until earnings help us all conclude whether this company can maintain growth with incrementally improved, albeit incredible products, it's going to flounder around.
I'm holding and hoping for the best because the brand loyalty is off the charts. The way users get entrenched in the ecosystem is unlike anything we've ever seen. And their products are second to none, IMO.
For those reasons, the effect of any further commoditization of their products will be nominal to the bottom line. But where this stock can go from here will only be clear after we see how big an impact this company can make in Asia.