The problem is not that apples new products aren't improving, but that they are no longer miles ahead of their smartphone competitors. Android is now a compelling alternative. Apple will eventually release a iPhone nano, but Samsung will release a galaxy micro before or soon after.

Has any company in history been so large and yet so reliant on a single product? Because of this I am fat to nervous to invest in apple, despite loving their products.

> Has any company in history been so large and yet so reliant on a single product?

Google? (AdWords)

Uh, all the oil companies come to mind. As for tech; Microsoft? Actually, lots of companies are reliant on one of their products. Though I'm not sure Apple is. The iPad is selling at a pace higher than the iPhone did, for example.

Indeed; just wait for the iPhone Nano. If only that had been this year's one more thing...

I don't know that anyone would buy an iPhone Nano. There is such a thing as just being too small. See HP/Palm Veer.

Really? Imagine a tiny phone with around a week of battery life, camera, mp3 player & maps, using the rotary dial for contact selection etc..

As far as I'm concerned that would get you 95% of the value a full iPhone provides; and it would've made for a great one more thing during the last iPhone reveal...