^ Iphone sales continue to grow, but not proportionately to the overall number of smart phone sales. Iphone's account for less of the total smart phone market now, than they did a year ago. Which begins to explain the company's value on the NASDAQ falling from $700 a share to $400 a share over the same timeframe. There is a lot more competition now that Android has proven it's a viable phone OS (Windows 8 has yet to do so IMO).