Originally Posted by kennyc
Yes, you are misinterpreting because you are focused on only one aspect of one chart.
You must always consider the full context and remember The Force, Luke!
The context is that while the global smartphone market grew by 46% in the charted period, Apple grew by 57%, and Android grew by 92%.
So Apple slightly outgrew the market (which is why they're not collapsing) and Android outgrew the market by a *lot*. Which is Apple the stock has been dropping and is expected to continue to drop. Tech investors usually care more about future growth than present value.
Relative growth and rate of growth both suggest iPhone is at its peak and close to plateauing while Android (and of lesser significance, so far) WinPhone both have significant growth ahead in both raw volume and rate.
Just a snapshot, of course.