The “has Apple peaked?” meme is back. Sigh.

But some horse-sense from Farhad Manjoo :

If Apple is now hitting a plateau, it’s important to remember that it’s one of the loftiest plateaus in the history of business. The $18.4 billion profit that Apple reported on Tuesday is the most ever earned by any company in a single quarter.

Yep. If this is failure, then I’d like some of it, please.