Earlier quoted context omitted.
Not innovating? This year they've already delivered the new iPad, the retina MacBook Pro, and are set to announce and deliver the iPhone 5, the iPad mini, possibly new iMacs and a TV. And the last five years they created or helped create: The Smartphone market The Tablet market The App market The Locationbased market
Absolutely everything on that list is iterative, not innovative. Including the TV. Even if it's got a sublime user experience, it's still going to be used for showing programs, films and acting as a monitor for games consoles (although probably also a mini-console, as it'll inherit the app store apps too). Still, nothing actually innovative there.
From Wikipedia:
Innovation is the creation of better or more effective products, processes, services, technologies, or ideas that are readily available to markets, governments, and society.
You don't think Apple fits that definition?