Those people are looking for innovation in the iPhone Market, not the iWatch market, which I believe I mentioned several times. The available profit from a watch is a fraction of the phone market. Can you imagine a person with a smart watch without a smartphone? I can't, well unless the watch was a phone...
The need you are seeing is really only based on your perception and the iWatch isn't the halo product you seem to think it is. I don't think you understand how much of an impact a revamped iOS 7 and a less bulky iPad can have.
PS: Apple's stock price is hardly ever indicative of its performance (or future), so don't rely on it too heavily.
Nope. Investors welcome anything that will grow the company. The iPhone market is very saturated right now which is why Apple is looking to make a less expensive version for "emerging markets," regional cellcos and PayGO carriers.
Only a new product in a new category, be it an AppleTV that rethinks TV, an iWatch, that is a watch in name only, but really a wrist computer, or a gadget not yet in the rumor mill, will seriously bump up Apple's growth because everyone will "need" to buy one. iPhones are replaced by existing users. Apple needs new customers.
This need for a new product soon is not a "perception," it's reality if you look at Apple's charts. Apple needs some excitement and soon lest it become as boring as Microsoft or GE -- huge cash cows to be sure, but limited growth and zero pizazz like the 2002-2010 Apple experienced with its succession of new product launches. Halos don't linger on companies without merit and we already see Congress willing to go after them where they did not dare under Jobs' tutelage. That's indicative of a company falling off its perch.
If you read the Jobs bio, and if not I highly recommend, then you are familiar with Jobs' (correct) belief that consumers don't know what they want until they've been told they want it. So it's a bit premature to assume the iWatch would be a weak profit maker based on the current "fashion" watch market. Pebble, Nike, FitBit, and others have all proven that there is a demand for wearable computers. Those products have limited use. Apple's won't.