The promised innovation? What are you talking about? What nonsense is this?
You and the rest of the Boomers whining across the web currently need to decide between "FORCED OBSOLESCENCE!!!!!111" and "wow just wow no innovation Apple is dead" - gets quite tiring every single year for about 12 years now.
No one promised you a single thing. Apple does not speak about future products, ever, at all, period. Any imaginary fairytales you and all the other whiners told yourselves leading up to the event today are just that - trying to hold Apple to your ridiculous standards of reinventing the wheel every 12 months is so laughable it's barely worth addressing...apart from the fact that you people essentially destroy the internet and all discourse for about 2-3 weeks every single year following the iPhone launch. Please, for the love of all that is holy, stop. And cease to comment on things you have net negative knowledge of.
Well, I suppose competition is catching up fast. And Apple delivers less and less.
2007: iPhone introduction.
2008: iPhone 3G brought 3G connectivity, a redesign, and double the storage.
2009: iPhone 3GS brought a better camera, twice the processing speed, double the storage, better battery life, better connectivity.
2010: iPhone 4 brought a Retina Display, a front-facing camera, a better rear camera, a faster processor, and a new design.
2011: iPhone 4S brought an improved processor (dual-core) and more memory, improved antenna, better camera, better connectivity (Bluetooth 4.0), more storage, and introduced Siri.
2012: iPhone 5 brought a redesign (larger but lighter), taller screen, LTE support, dual-band Wi-Fi, better front-facing camera, faster processor, and Lightning.
2013: iPhone 5s brought Touch ID, an improved 64-bit processor, better camera, better connectivity, better battery life. The iPhone 5c (similar to iPhone 5 but on a plastic case) was introduced.
2014: iPhone 6 and 6 Plus are two brand new models, with larger screens, slightly better processor, and more storage.
2015: iPhone 6s and 6s Plus brought 3D Touch, improved Touch ID, a faster processor, more RAM, better camera (with 4K video).
2016: iPhone 7 and 7s brought a much improved quad-core processor, water resistance, better brightness and color support on the screen, faster LTE speeds, better cameras, slightly better battery life, no headphone jack.
2017: iPhone X brought a brand-new design and a higher price, but also a new OLED display with a different aspect ratio and a higher resolution, smaller bezels, Face ID, faster processor, better battery life, wireless charging, more storage. The iPhone 8 and 8s also brought an improved processor, wireless charging, and more storage.
2018: iPhone XS brought a faster processor, slightly better camera, support for Gigabit LTE, better face ID, better water resistance. The iPhone XS Max was introduced with a larger screen, and the iPhone XR was the replacement for the iPhone 8, with a redesign, a different aspect ratio, and more features.
2019: iPhone 11 Pro and 11 Pro Max brought (in relation to XS and XS Max) much improved battery life, improved processor, more brightness in the screen, and a better camera. The iPhone 11 (in relation to XR) brought an improved processor, battery life and camera.
Looking at improvements every year, they felt less and less incremental. Some years have been considered lackluster in the past, such as the introduction of iPhone 7 and last year's iPhone XS (but at least new models were introduced). This year, though, seems to be the weakest of all. It looked like Apple was introducing a new camera, instead of a phone.
No OLED screen in the cheaper model (even though $200 phones now have it). No 5G connectivity (how is a $1,000 phone expected to last for years without it?). No USB-C support (although every cheap phone has one now). No 120 Hz screen. Very disappointing.