The Apple Watch was introduced just one year ago plus three weeks . . . and has sold over 18 million so far. That's better than the iPhone sold in its first year on the market. At an average selling price of $500, that's $9 Billion in Revenue, and with an average margin of 40%, that's $3.6 Billion in before tax profits. . . for a new product.
That $9 Billion in revenue is larger than about 60% of the Fortune 500 all by itself.
49 different car badges are now shipping cars with Apple CarPlay installed. That's new since 2014.
Apple Services have increased a whopping 20% in 2015. . . and is now bringing in more revenue than the Mac.
ApplePay started in 2014 and millions of users are now secure in their transactions from any kind of fraud for hundreds of billions of dollars of which Apple takes a very small cut, but very small cuts of hundreds of billions will total up to huge profits before very long.
Apple's new Music Subscription service has just topped 12 million subscribers at $10 per month. . .
In other words those new products are there, you just haven't noticed them.
You also have to realize that there are over 1 billion iOS devices being used in the world right now. . . and over 800,000,000 Apple users who are the most loyal user base in the world. They buy Apple with a retention rate of over 92% for their next purchase. . . while independent purchasing surveys show that half of the buyers of new Apple product are sold to someone new to Apple products. So you are most likely wrong about Apple not being able to survive on iterations of the iPhone.
This one single company, Apple, takes home more than 90% of all the profits in the cellular phone handset industry while all more than 500 other makers combined share the rest. I don't think Apple has anything to worry about for a long time to come.
Hope that makes the stock go up.