Investing.com - Apple Inc (NASDAQ:AAPL) disappointed Wall Street by reporting lower than expected second quarter earnings Tuesday.
iPhone unit sales fell 16% year over year, the first decline ever for the company's smartphone business.
The disappointing earnings got a lot of traders and investors asking themselves if Apple lost its magic. With iPhone sales slowing, the tech giant needs to find a new engine for growth and the iWatch isn’t cutting it so far.
What’s most worrisome is the fact that Apple hasn’t delivered any real groundbreaking products since Tim Cook took over. The notion that the pace of innovation at Apple has slowed down completely since the death of Steve Jobs is finally setting in as reality.
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