Ming-Chi Kuo: Apple's Biggest Challenge to Innovation in Recent Years Has Been Software

Apple's "biggest challenge in innovation in recent years has been in software, not hardware," according to KGI Securities analyst Ming-Chi Kuo. "In several cases we have seen Apple lagging in software versus hardware development, which bodes badly for its innovation strategy of software and hardware integration," wrote Kuo, in a research note obtained by MacRumors. Kuo's sole example is that Apple's first-mover advantage in augmented reality has been significantly narrowed by Chinese...

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