“Innovation distinguishes between a leader and a follower.” (“The Innovation Secrets of Steve Jobs,” 2001)
“No one’s going to buy a big phone,” as we recall a quote from Apple’s co-founder, Steve Jobs at a press conference when he was asked about large-screened smartphones.
It has been four years since the deceased co-founder has made the above statement, while Apple’s (NASDAQ:AAPL) present CEO, Tim Cook seems to have decided otherwise. The tech heavyweight launched iPhone 6 and the iPhone 6 Plus, flaunting way larger screen sizes than Apple’s closest competitors such as Nokia , Samsung, Sony and LG.
A rebound in Apple shares helped the markets look brighter on Wednesday
The U.S. stocks mostly declined on Monday, with energy producers witnessing losses on oil’s drop to a several months’ low. As the oil investors withdrew after a fifth-week of gains, it impacted the S&P 500 to a record, while the Dow Jones Industrial Average not too far behind.