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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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Some might say I'm wrong, and that Apple has the best ecosystem. I now think that view is dependent on the user. Some users will prefer the closed Apple system while others prefer the more open Android ecosystem. I vastly prefer the Android ecosystem and view it superior in a number of ways. However, I can see how others prefer Apple's and view it as superior. Guess what -- they are both right. I will also note Android global share, which many think peaked between 48-52%, is still gaining share and in the most recent quarter was close to 65%. To me this is not just indicative of the value proposition of various Android handsets, it's also indicative of the quality/flexibility and use cases of the Android ecosystem.

So let's look exactly at the "innovations" in the iPhone 5. I'll note that Tim Cook stated, "This is unlike anything we or anyone else in our industry has made before." That's at a minimum an "interesting" statement and possibly close to completely inaccurate considering the advancements already seen in innovative Android OS and hardware designs.

A quick take at these "new" features: 4G LTE, 4-inch display, 8 megapixel 1080p HD camera, HD front-facing camera, A6 processor, etc..... OK, yes, I'm deep into the research for this pace and I think even the average smartphone consumer has seen all these things before.
Goog, MSFT, AAPL

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