According to Cassidy of the New Yorker: "After weeks of eager anticipation on Wall Street, Apple released its latest earnings report after the market closed on Tuesday. Between January and March, the company sold 37.4 million iPhones, beating analysts’ estimates of 36.5 million, and it sold 19.5 million iPads, against an expected figure of 18.3 million. It generated a hefty $9.5 billion in pre-tax profits and said it would spend up to a hundred billion dollars on stock buybacks before the end of 2015....
"The new earnings release, strong as it was, only served to accentuate the great debate about the company’s prospects. The figures it contained confirmed that Apple’s profit margins are declining, and the company said that it expects revenues to be flat in the coming quarter. Indicating the mixed views of the company’s prospects, Apple’s stock spiked twenty dollars in after-hours trading immediately after the results were released, but then fell back to below four hundred dollars….
"The prophet is gone and the apostles are stumbling to rediscover the message. That is Apple's problem in a nutshell. Tim Cook is a process guy, an order taker, no visionary…"
Wait, wait....there's more at http://www.newyorker.com/online/blogs/johncassidy/2013/04/the-apple-economy-isnt-dead-yet.html