Stocks drop as Apple shareholders look to future

After a strong first quarter for Apple, GeekWire‘s Todd Bishop calls what happened next “ironic.”

Apple’s stock is down. “Investors are looking ahead,” Bishop tells Seattle’s Morning News. He thinks when investors see the future they’re seeing increasing competition, from Android in particular.

“There has been all of this talk of Apple reinventing the TV market,” says Bishop, “talk of the ‘Smart Watch.'”

Still, under the guidance of Tim Cook, Apple hasn’t yet released a market-changing product.

Says Bishop, “I think the underlying question in all of this is whether Apple has that magic to do the giant next big thing like they did under (Steve) Jobs.”