Point one is probably true. Point two is probably false which by default makes point three false.

People have such short memories. Apple has never innovated in public, so we don't know what they are trying internally and rejecting. Other companies do so we not only see their innovation — we see their public failures.

There is certainly an interesting article, yet to be written, that could try to make the argument that the market now wants to see constant, open innovation (successful or not) rather than sporadic, closed only-ship-when-we-get-it-right innovation — but this article is not it.

Is the market wanting to see open innovation or are the share prices of Apple and Google unrelated to this entirely?