As noted by @asymco, Apple has been selling Macs into a saturated PC market for 32 years, and we haven’t seen peak Mac yet.

And just because Apple is guiding to a decline next quarter, that doesn’t mean it will necessarily happen.

For everyone looking for peak iPhone, it hasn’t happened yet. Sales still rising year over year.

Today’s AAPL analysis: 10am: doom&gloom, 2pm: doom&gloom, 5pm record earnings report <<crickets…>>. 6pm doom&gloom, 8pm doom&gloom, etc