iAppleOutsider

I think the only real reason for Apple stock being undervalued despite the company outperforming in terms of revenue and profit growth is because of the Steve Jobs legacy. People are still waiting for that breakthrough product release (post Steve Jobs oversight) that will sell in droves. I think the fear investors have is that one quarter of negative growth will tank the stock and impact them. A breakthrough product on the other hand puts to rest the fact that things have finally moved after Steve Jobs. I am not saying that products released in the past couple of years are not innovative, however, they have not been disruptive either.