Today's episode discusses the perceived decline in Apple's innovation regarding its iPhone products. It contrasts the groundbreaking launches of early iPhones with the incremental updates of recent models, questioning whether Apple has lost its innovative edge or if consumers are simply harder to impress. The host suggests that Apple's shift towards profit from services and ecosystem lock-in contributes to its conservative approach, even as rivals like Samsung and Google introduce more experimental features. Despite this, the podcast notes that Apple events retain cultural significance and the iPhone remains a status symbol, concluding by exploring potential future innovations beyond the traditional smartphone.