Zhang Fei: AAPL's big innovation was the Iphone - 6m Iphones the first year, followed by huge growth as the consumers started noticing that Apple made

Zhang Fei: a decent smartphone. AAPL's problem is that you can only come up with a well-designed standard-setting smartphone once. After that, the

Zhang Fei: competition starts matching you feature for feature, some faster than others. The problem is that it takes the competition less time and

Zhang Fei: costs less money to figure out workarounds that don't infringe on your patents. AAPL has been coasting on the Iphone's initial success for

Zhang Fei: years.

Jim Fish: Plus they really haven't innovated on any of the new products. Reminds me of the PC world. Nothing materially new = no new sales