I think that being able to carry 1/4 Terabyte in your pocket is pretty amazing, but I come from the old(er) school where my first computer upgrade was a TRS-80 Color Computer from 16K to 64K, and I thought, "I'll never need this much RAM." which soon turned into, "NEED MORE MEMORY!!!"I will admit the "WOW" was a bit of an overreaction from me, but you have to admit this is probably the best update to the iPhone that Apple has ever done and so is quite a big thing.
I wouldn't say it is just Apple who are lacking innovation, the whole smartphone industry is, as there is not really much else new that they can add to a smartphone and so that's why sales are slowing down. I will say that Samsung with the Note 7 have had some innovation with the camera, waterproofing but the Iris scanner while impressive is unnecessary imo.
In 3 years, I'll look back on this post, and think, "NEED MORE MEMORY!!!"