For many investors, Apple's best days are behind it. Competitors are catching up, they believe, and the latest iPhone is stumbling.
With the launch of its Surface tablet computer, Microsoft is becoming a genuine "frenemy" _ part friend, part enemy _ to its longtime manufacturing partners.

Apple's stock reached $700 for the first time on Tuesday, the day after it announced that orders for its iPhone 5 topped 2 million in the first 24 hours.

Apple's stock reached $700 for the first time Tuesday, the day after the company announced that orders for its iPhone 5 topped 2 million in the first 24 hours.
Apple's stock reached $700 for the first time on Tuesday, the day after it announced that orders for its iPhone 5 topped 2 million in the first 24 hours.
Apple's stock closed above $700 for the first time on Tuesday, the day after it announced that orders for its iPhone 5 topped 2 million in the first 24 hours.
Cisco raised the specter late Wednesday of a jarring slowdown in technology spending, alarming investors already fretting about the economy's fragile condition.
Apple generates more gossip than the Kardashians.
He calls himself an "Apple fanboy," owns four iPads and two iPhones, follows the company obsessively and predicts it will keep turning blockbuster profits. But whether you should own the stock is another matter.