Why A Timeline Of Apple Innovations Might Calm Investors Itching For A New Product
Many Apple Inc. (NASDAQ: AAPL) investors are pounding on the table and demanding to know when the company that made major strides in telecommunication, music and entertainment innovation will introduce its next innovative product.
The lack of a new innovative product is also calling into question Apple's leadership and its ability to innovate. After all, with a seemingly unlimited amount of resources and hundreds of millions of dollars in cash, it should be relatively easy for Apple to "wow" the world again.
However, these investors should consider a timeline of Apple's products to find some comfort in knowing that Apple has indeed been innovating the market since day one — it just takes some time in between product launches.
For instance, the Apple computer was invented in 1984 and it took 14 years to introduce the iMac in 1998. Ten years later, the Macbook Air was born.
The first iPod was released in 2001 and the updated, more modern Touch model equipped with two cameras for FaceTime and HD video recording wasn't released until 2010.
Naturally, the iPod led to the creation of the iPhone in 2007 and nearly 10 years later, countless upgrades and enhancements were introduced.
Apple fanatics also waited nine years between the first iPod was introduced and when its much bigger-brother product, the iPad, was released in 2010.
The Apple Watch is the most recent new product introduction, having been released in 2015. It is expected to undergo an upgrade this year and a potential larger-scale upgrades will be made on the Apple Watch 3 in 2017.
Patience could reward Apple shareholders who are in it for the very long-term. CNBC's Jim Cramer said it perfectly — don't trade Apple's stock, rather own it. In other words, sit back, relax and weather out the near-term volatility.
Do you have ideas for articles/interviews you'd like to see more of on Benzinga? Please email firstname.lastname@example.org with your best article ideas. One person will be randomly selected to win a $20 Amazon gift card!
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.