We have no idea what is in the pipeline at Apple, nor what their "vision" is. Steve Jobs and Apple never came out and announced that the iPhone was in development and that it would revolutionize the tech industry - it just did in 2007.
Let's wait a few years before we decide if Tim Cook is just riding the wave of prior success.
Your thoughts may prove to come true, but R&D is a multi-year undertaking, not something you scramble on at the last hour. The iPad was in development since 2002! Jobs has only been gone for a year. His influence should remain for at least the next five years, and only after that point can we really say if Apple is out of ideas or not.
Despite the preconceived opinion you may have of me because of my user name, I am more than happy to discuss the pros and cons of Apple as a company based on real-world analysis, but what you are saying is emotionally driven and not based on anything concrete.
I disagree. We have no idea what is in the pipeline. Every time I have heard Tim speak about his 'vision of Apple' it seems quite similar to what Steve had in mind.
We have no idea what sort of products they have in the pipeline.
They have a TON of cash.
Steve Jobs was just a man. His vision flip flopped all the time. Apple is slow and very methodical in its product decision making. They make very precise decisions, and often these product directions are mocked initially, but that eventually changes.