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Has the Innovation Curve Come and Gone for Apple (NASDAQ:AAPL)?

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With the release of the iPhone 5, it's hard not to wonder if the awe is gone.

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MINYANVILLE ORIGINAL Will September 13, 2012 be a date marked in history? Apple (NASDAQ:AAPL) released the iPhone 5 to a throng of yearning, eager Apple product devotees. But this time there was no shock and awe. Though as usual it garnered oh's and ah's.

In fact, much like the last iPhone release I think a small but growing crop of attendees felt the features of the iPhone 5 left something to be desired. The product looked great, as always, and as I said the day of the release was good enough. But the release left little in the way of surprise and and the full product announcement missed the "Oh, and one more thing" factor. Perhaps, we just won't see the "one more thing" anymore since the passing of Steve Jobs. If so, I'll freely say I'm bummed -- to use a technical term.

Now before we stick a fork in Apple as a leading innovator, we need to see what it has up its sleeves with the next round of computing products, not to mention this "TV thing." If it hits a homerun with a fully gesture/voice/iOS controlled nextgen TV, then well, we can say it will now milk the "cash cow" smartphone market and that it will have moved innovation to the next big growth market for the company.

I have said for some time that the Android (NASDAQ:GOOG) platform is innovating faster than iPhone and the latest iPhone very much confirms this. However, none of this changes the fact that Apple excels at 1) outstanding build quality and, ergo, design 2) maintaining one of the best ecosystems 3) choosing the right time to ramp up marketing and release upgrades, and 4) offering strong security in the App foodchain.
Goog, MSFT, AAPL

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