AAPL: Apple: No Innovation, No Problem (For Now)

Apple: No Innovation, No Problem (For Now)
by Adam Levine-Weinberg

Apple's (AAPL) 23% drop over the past two months has been accompanied by numerous explanations. Supply constraints, lower than expected gross margins, and glitches related to the iPhone 5's new Maps app (which is replacing Google (GOOG) Maps) and the iPhone 5's camera have all been cited as rationales for the share price decline. Yet no single concern has received more airtime than the complaint that Apple's innovation days are over due to the death of its visionary founder, Steve Jobs. read more »

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