Apple’s search for its next billion-dollar product

“A larger iPhone, a smaller iPad, a thinner Mac and a taller iPod are what count for innovation at Apple these days,” David Goldman writes CNNMoney. “The slate of rumors about upcoming Apple (AAPL, Fortune 500) products is similarly uninspiring. An even bigger or cheaper iPhone? Meh. A watch? Yawn.”

“Some Apple followers have begun worrying that the company has lost the secret formula that made it so successful during the Steve Jobs era,” Goldman writes.

MacDailyNews Take: Strike “followers” and replace with “fomenters.” You’d think a hack tasked with churning out hit-whoring filler for CNNMoney would grasp that, at least.

Goldman writes, “‘I’m not buying the ‘Apple isn’t innovating because it hasn’t done a category-buster in three years’ story,’ said Carl Howe, analyst at Yankee Group. ‘It’s a bit like saying Toyota is doomed because Toyota’s latest category-buster, the Prius, is 11 years old.'”

MacDailyNews Take: Leave it to the always-reliable Carl, still one of the best Apple analysts, to knock a little sense into the proceedings.

Goldman writes, “Apple has become a victim of its own success. It’s under tremendous pressure by investors and Wall Street analysts to outperform its rivals and top itself quarter after quarter. Yet Apple’s multi-year run as the world’s most valuable company — while maintaining startup-like growth — was bound to end eventually.”

MacDailyNews Take: Check the market values, Davey. Apple is the world’s most valuable company after a brief bobble on their one-year – not multi-year – anniversary of displacing Exxon Mobil (XOM), which Apple’s value currently exceeds by some $30 billion dollars or, in other words, a Dell and two AMDs.

Goldman writes, “Apple’s stock has fallen by a third over the past five months.”

MacDailyNews Take: Thanks to market manipulators and their willing/ignorant puppets, like you, David.

Full scribble, with which you don’t need to bother as there’s nothing of value since we’ve already excerpted Carl’s quote, here.

[Thanks to MacDailyNews Reader “Fred Mertz” for the heads up.]


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