Apple in Trouble?

A lot of investors are worried after Apple's Q4 earnings report.  Their revenue still surpassed what they have done in the past , but investors are worried about the recent commodization of iPhones with more and more customers leaning towards the older and now budget models of the iPhone (4S, 4, etc.).  Apple's stock has dropped as of market close on Friday 1/25/2013 to $439.88 which is a huge decline of where they almost peaked at $700.  Others have concern that Apple will transition from a growth to a value story like other tech giants such as Intel and Microsoft.  I am on the fence on whether Apple is going to be a value stock in 2013 or not.  Regardless, at $439.88 the stock seems absurdly cheap, and it appears that investors  have overreacted like they typically do.  However, I am sure a lot of growth investors just want to collect on their gains.  Whether growth investors come back in or Apple needs to draw value investors depends on what Apple does next over the next 6 months.  Still either way you roll, the current stock price seems like a good bargain.