Apple Reports Record Sales, But Is It Losing Its Edge?

Source: Spencer Platt/Getty Images News/Getty Images

Yesterday's less-than-explosive earnings report from Apple Inc. has left the tech world speculating about the future of everyone's favorite tech giant (well, maybe not everyone).

Stocks are up after news that the iPhone maintains its solid lead in the world market, with  record U.S. sales, and shipments soaring in the third quarter. But without any groundbreaking products on the horizon, Forbes worries that April-June's numbers actually reflect growth that has plateaued. 

Sales of iPhones and iPads bring in less revenue-per-unit than they have in the past, while competition from Samsung and Android-powered smart phones could start to eat away at their share of the market. Though profits came out ahead of Wall Street analysts' conservative predictions, these were not the "Which small country can Apple afford to buy" headlines of yesteryear. (No really, those were a thing.)

"Apple is now worth more than the GDP of Sweden"

"Is Apple Really Worth More than Poland?"

"Apple Now Has $137.1 Billion In Cash, More Than HP’s Annual Revenue And Vietnam’s GDP"

"Apple Now Has $121.3 Billion In Cash: More Than Amazon’s Market Cap Or A Space Station"

The point? Time's ticking until they come out with a new iWatch.

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