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Thursday, September 13, 2012

Apple Inc. (NASDAQ:AAPL)’s iPhone 5 Shows a Lack of Innovation, But Shares Hit New Highs


Apple Inc.(NASDAQ:AAPL)’s new iPhone has really failed to stretch the envelope so far as any big ban innovations are concerned. The new phone more or less conformed to what was reported all these days from leaked information and innovative journalism.

So what exactly are we getting this time?

In line with the previous versions, the iPhone 5 will be available in three capacities at different price points: one with 16 GB storage at $199, a 32 GB one at $299 and the third with 64 GB storage at $399.

In the United States and in Europe, the phones will be available with their network carriers on two-year contracts.

With the launch of the new iPhone the older iPhone 3G will be now discontinued.

Will AAPL Hit $1000 By This Year? Find Out Here

The devices will have 4G long term evolution (LTE) capability, which is not anything new since all other smartphone companies have already released handsets which support 4G.

The new model also has a larger screen with better resolution and an anti-glare technology. Compared to the iPhone 4 and 4S the device is much thinner and about 20 percent lighter.

What is good is that the device now has an extra port to connect to external equipment such as computers and chargers.

Connectivity is an important component of any mobile device these days and in recognition of that Apple has enabled a photo-streaming option that allows instantaneous sharing of photos with friends who also have the same device.

Siri, the voice assistant, has also seen an upgrade.

What the release of the iPhone 5 has shown that Apple has stopped innovating and it has very few ideas now. As a report on the Internet put it - Since the first models, seemingly every subsequent model has been nothing more than a newer version of their original technology with more bells and whistles, faster components, and different operating systems.

Shares of AAPL soared about 2% to $682.98 on Thursday and made another life time high of $685.50.

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