$700 was the high. Samsung is eating their lunch. AAPL has nothing new in their product pipeline. All the innovation died when Steve Jobs did. Earnings are on the way down.
First of all don't give Jobs too much credit. Jobs big idea was ITunes, not the devices. The devices were done by some Brit designer they have.
Secondly, Apple turned the whole cell phone world on its head, everyone uses them as the gold standard.
Basically Apple will be like Sony, will be like Motoralla. Sony was the innovator of the Walk Man, then they didn't create anything new but they still create solid products and are a solid company.
Motorolla was the bomb with the flip phone, the razr flip, they changed the cell phone world but then ran out of steam. Technology goes in cycles. What do you expect Apple to innovate now?