The fact you can raise a price to imply a better product, does not mean that expensive products are not better.

By there very nature better products will often cost more to produce.

People really struggle to separate price and value.

I agree with your premise. However I don't agree that it applies to AAPL (yet).

However good there growth has been (and don't get me wrong its been pretty amazing last few years) its entirely justified given their valuation metrics.

The thing is whichever way you slice it there isn't a single metric that would suggest they are overpriced. This kind of growth in a company is unprecedented and it is for that reason the share price is lagging. People are irrational, the market is irrational. My take is that people are too scared to buy because they think the price has gone to high too fast. They are still nervous. There are still plenty of skeptics.

Once the market catches up with reality, we'll see the next level of growth. It will be fast outpacing everything we've seen so far as everyone decides that maybe they are that dead cert, and that's when we'll over shoot. Probably about the same time that revenue and profit plateau (Which has to happen at some point!). Of course people will ignore this, caught in the euphoria and continue to pile in cash as its now 'a sure thing' share price will go insane.

Then its time to panic. Now, not so much.

If you are UK based you'll probably remember Tandy - the shop was awesome, computers on display and assistants that had no idea how to undo what you did to them :D

10 print "YOUR NAME HERE"
20 goto 10
30 ????
40 Profit.

Best site ever. None of it's successors, invite only or not, ever came close.

Typical "burn the witch" attitude. Surely it would be better to befriend her and second her mystical powers for your own use!

Call themselves 'business'. Pah.

5.0 litres +, or go home whus!

Yeah, and more megapixels makes for a better camera!

I's say its a mechanical turk implementation of a DDOS!

Spam a bunch of people pretending to be target. A certain percentage of people think e-mail is real and flood legitimate communication channels of said target. (???? / Profit)

Heheh good point that! I'm not so sure all of the agnosto-atheists out there are entirely sure on the details though... did Jospeh and Mary get Turkey for dinner then?

A strange irony that christmas has since been co-opted by the non-christian... what goes around ...

I wish more people could distinguish more between christmas and christianity ;)

Until this case came up a while back, I didn't have the slightest idea that they were releasing a new OS.

I'd say it has been a resounding success!