"Can't innovate anymore, my ass." Those were some pretty powerful words from
Apple's senior vice president of marketing, Phil Schiller, as he showed off a product that's coming later this year, the new Mac Pro.
The concern that Apple can't innovate anymore has clearly gotten to the technology giant, evidenced not only by the 17.8% drop in the share price year-to-date, but also by recent commentary. For Apple to show off a new product that isn't close to shipping is extremely rare. It's clear Apple is now on the defensive, and that's something that may scare other companies.
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