After the success of the iPhone,Apple may struggle to come up with new innovations that will dominate markets in quite the same wayJust over 14 years ago, Steve Jobs unveiled a cigarette pack-sized product that didn’t impress many onlookers. The iPod looked like just another music player – not a product that could transform Apples fortunes, or then a computer maker struggling with generating profit. On Tuesday Apple announced the largest-ever annual profit in corporate history $53.3bn (34.7bn) over the preceding 12 months. In the July-September period,sales of iPhones grew nearly a quarter compared to the same period in 2014, even as rivals such as Samsung and LG saw slower sales. The transformation looks total.
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Source: theguardian.com