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Apple Fails to Innovate with iPhone 5S and iPhone 5C Launch as Stock Falls 2.28%

Sep 11 2013, 3:00am CDT | by , in News | Apple

Apple Fails to Innovate with iPhone 5S and 5C Launch as Stock Falls 2.28%
Getty Images
 
 

Apple has somehow lost its edge. What worked once upon a time does not do so anymore. It has failed to impress investors as no innovation is seen with iPhone 5C and iPhone 5S launch. Apple stock falls by 2.28% after the launch of new iPhones.

Both the user base and funding parties have been put off by Apple. While the crunchy fruit logo company has a reputation for freaky innovation, the selfsame policy is giving off diminishing returns today. Quite a bunch of press representatives and tech pundits have tested the new iPhone 5C and 5S. 

Although most of the reviews are in the affirmative, there are intermittent voices of dissent. Some say the iPhone 5C appears to be a child’s plaything. The value of Apple Incorporated sank by 2.28% the day the two iPhones were released. It may be because no new surpirses are seen with new iPhones launch. High prices can be another factor that failed to impress investors. For a whole year or so Apple has been on a downward spiral. It has lost $300 billion in the process. 

Apple seems to have been stymied in its innovative plans. It has lost public confidence in its creative qualities. The two iPhones are an indication of the lukewarm response from the hoi polloi. There was no iWatch and no Apple TV has appeared on the horizon so far. The ratings have therefore started going downhill. 


The iPhone 5C is for $550 minus a contract and costs $99 for a two year deal. The warning of Steve Jobs about Apple going for profits instead of the real thing which is market share rings true here. The company will have to change its stance if it is to progress any further. 

Source: The Wired

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