I think there is still some room. For me screen technology would be an innovation. Envision a screen that is hybrid between eink and current OLED. Or Siri that is useful (I think thats what they are working on). Or envision other inputs other than your thumbs :-) Maybe ironed out version of what they developed for Apple Vision Pro in terms of eye tracking or some other inputs. So many ideas!!!
The same happened with laptops a long time ago. They basically do everything that's needed.
But in general I agree that the innovation output of Apple is really low compared to their size. But that seems to be the case for most of these mega trillion dollar companies. The bigger, the more conservative they get. But they are very good at making profits so it's all good as far as the CEO's bonus goes.
> The same happened with laptops a long time ago. They basically do everything that's needed.
And yet I would consider the M-chip Apple laptops to be a massive improvement.
Every year can’t have a huge paradigm shift, most users update every 2 to 4 years and so a bunch of small improvements can feel much much larger. Personally, I think releasing a phone every year is the right move even if the improvements are small.