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Think about it: "one Apple product". That's not good. Especially for Apple, because, if that one product's sales start to dwindle and the iPHone falls from grace, it's back to HTC-type profits and market-cap for Apple. Heavy dependence on one product can be very damaging to a company, even if the product does well for years.

Don't forget the tablet (iPad) - a product that has yet to reach maturity. It will soon be outselling PCs and phones combined. People will soon have tablets in every room in the house including the car.

Rumor has it that Apple has another product in the pipeline that will create a whole new industry. Most likely a large screen that will have embedded electronics that will redefine the television set and make obsolete set-top boxes like Tivo, Roku and cable boxes, etc.

Don't forget the tablet (iPad) - a product that has yet to reach maturity.

Actually, the iPad (Apple's tablet), is where most of the sales "slump" for Apple occurred. So, perhaps you are late to the news after Apple's quarterly report last month.

Also, when it comes to tablets, everybody else is outgunning Apple, where even Windows 8 tablets (not necessarily the Surface), are outselling the iPad. Then, there are the Android tablets, which by now are outselling iPads. There is no new "latest-and-greatest" to any of the iPads, and even the expected refresh of the form-factor coming in the fall, is not expected to be any kind of "game-changer". iPads might still be popular with the Apple faithful, but it's not the must-have product it was 3 years ago. So, iPads are really, "yesterday's" technology and basically, has-been tech.

When it comes to the iTV or whatever people wish to call it lately, there is no there, there. Redefining the TV is an area where there ain't much to do to improve how people wish to receive their content. Whatever new tech comes from Apple with TVs, everybody else will already have it. So, no advantage for Apple. This is not 2007 anymore, where other tech companies were caught with their pants down, and had to play catch-up. Lately, it's Apple that is having to play catch up.