NEW YORK ( TheStreet) -- Investors annoy me (not you, but other ones).After Apple ( YHOO) rolled out new products, most notably the 13-inch Macbook Pro with Retina Display and new iPad mini, its stock dove (again), testing recent lows and settling around $615 during Tuesday's after-hours session. I went on CNBC a couple of weeks ago and predicted exactly how Apple would approach iPad mini. Apple did not give us a cheap knockoff; instead, it introduced a premium-priced smaller version of the iPad that outclasses everything in the same ... But wait, they're not even in the same category. Not Google's ( GOOG) Nexus 7 or Amazon.com's ( AMZN) Kindle Fire tablet. In the video, Mashable's Lance Ulanoff rolled with assumptions that he -- and his sympathizers -- will probably still claim true today. Primarily, the "sweet spot" for a 7-inch, budget tablet is the $199 price point. And Apple will lose if it prices iPad mini higher. There's not a nicer way to say it -- that's crap. I was off by $20. While I anticipated a $349 iPad mini, Apple enters the market with the 16GB WiFi model at $329, followed by 32 and 64GB WiFi versions at $429 and $529, respectively. It did not sell itself out and blindly join the $199 hackfest. It produced an entirely different product, particularly from quality of construction and design standpoints. As Apple's near-comical side-by-side comparison with the Nexus 7 shows, that tablet was thrown together with plastic and scant attention to detail. Google made a lame attempt to compete. And, because Jeff Bezos has a clue, Amazon set foot in the space only to further its e-commerce ecosystem. Nothing less, nothing more. Kindle Fire is little more than an Amazon credit card that just so happens to do a serviceable job playing music, streaming video and running apps.
Innovation at Apple is over... Just incremental improvements, nothing ground breaking. The best is over for Apple. iPad mini is playing catch up to Google Android, probably will have a mediocre customer adoption.That's a textbook example of underestimating Apple. And it has nothing to do with relevant long-term concerns regarding innovation. At least not the ones I have. What you have here is an analyst making a patently absurd statement: "iPad mini is playing catch up to Google Android." What is it catching up to? I don't understand how that's possible given the makeup of the tablet marketshare.