AAPL fallen far enough

 Ok, who wants to join me in calling a bottom for AAPL stock price at $425 ? It has a P/E ratio of 9.8, these are numbers that companies that are in deep trouble trade at. With smartphone growth still intact, AAPL should be trading at higher valuations than this.
The problem here is that cheaper phones will be selling more, there was a shortage of Iphone-4, which is atleast 2yrs old ! This is going to eat into AAPL profitability. But still P/E less than 10 is too low.