Apple needs more innovation

Early last year Apple’s share price was over $644 a share making it the worlds most valuable company, since then the share price has fallen 24% in the last 3 months and looks like it might continue without something happening. I imagine the death of the founder and visionary Steve Jobs caused uncertainty in future products and slightly disappointing release of the iPhone 5 could have caused the shares to fall. Recently they released the iPad mini and the great looking iMac, but I don’t think these are innovative enough to increase sales as much as necessary for shares to increase back to the highs of last year. Another factor that could have effected the share price was that Apples competitors are now producing products that match and in some cases surpass Apples, for example the Google Nexus 7. I imagine Apple are trying very hard to think of the next big thing that will put them clearly back on top.

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