Problem with your P/E ratios is that, most investors don’t buy a stock because of the earnings they’ll be getting from their investments. Most people who invest will be looking to ‘get rich’ via expectations of a stocks price going up.
Earnings at Apple are great and fantastic, but, the stock and the market cap are what people (investors) get excited about.
So, if the stock is what gets people excited, then the excitement subsides when it’s very noticeable that Apple is mostly a one-trick pony when it comes to sales and earnings. If the iPhone were to lose its appeal (which will happen sooner or later) and just became another good smartphone, then, Apple would be in deep ‘sheet’ when it comes to its market cap and company value, which is what is worrying market analysts. Right now, besides the Macs computers, Apple diversification can be spelled with on letter of the alphabet, that being ‘i’, or the iDevices. Not a great prospect.
Did you read the article? Apparently not:
"There are more than 40 analysts covering Apple. Most of those still working (heh) are bullish and have price targets well above today’s stock price, though a viewer of CNBC would never know it because the network’s version of 'balance' is to give equal time to Apple bulls and Apple bears. That's not balanced reporting. If CNBC covered man’s landing on the moon, they would no doubt find someone who claimed a hoax for 'equal time.'"Where are these "worried" anal-cysts except for a very small minority of bloggers who are basically in the pay of the competition spewing astroturfed talking points? The analysts are all predicting larger prices for AAPL not lower and the drop is irrational, based on know-nothing anal-cysts who are using single point-source data which is not backed by other data.