NEW YORK ( TheStreet) -- The new iPhones are out, there's no new groundbreaking product, and a deal with China Mobile Limited (CHL) is not yet official -- although Apple (AAPL) has obtained a license to sell on its 3G and 4G networks.
Before going on, I must admit that I am not in the "anxiously-awaiting-the-supposed-iWatch" camp. An iWatch could do wonders for the health and fitness crowd, but beyond that, I just don't see it contributing all that much.
New revenue is new revenue, to a point, but it's not likely the product that will significantly move the needle. Hell, as a shareholder, I hope I'm wrong. But either way, this company needs time and patience, something that Wall Street doesn't concede very easily.
CEO Tim Cook never had a chance when it came to public scrutiny. While former CEO Steve Jobs was flawless in executing the transition in leadership, the product cycle didn't favor Cook -- as if filling Jobs' shoes wasn't hard enough. Now investors are growing more impatient without a new, revolutionary product.(BBRY), as management never thought the phone market would change from a keyboard and scroll ball.