Well, they got a decade out of a new product. That's not bad. But the glory days of the iPhone are over. Where's the Next Big Thing?
It's not just Apple. It's consumer electronics generally. There's no Next Big Thing. 3D TV? Flopped. VR goggles? Niche market. There's nothing in the pipeline on the scale of the smartphone, the cell phone, the video game console, the DVD player, the VCR, or the iPod. No "must have" product.