Apple's strength is the iPhone, iPhone=Apple, Apple=iPhone. If they don't create a new mainstream product, Apple is going nowhere. The macs they sell are residual for their size as a company, and many of them are sold because their buyers have an iPhone. That's why they're losing market cap like hell since some months ago and why they have always had a very low price to earnings ratio, this quarter they'll enter recession. It may be fresh news to you but it's very old news to everyone in wall street. They have a lower real market cap than in 2012 (700 pre 7:1 split vs 110 being its highest price in weeks, with less shares), go figure. They're not able to maintain their share price even with a gigantic buyback going on, and they're spending huge loads of money on that buyback because they know there's nothing in their pipeline that can sustain their stock. Simple as that, Apple is living on the iPhone and on SJ's legacy, but that is a very short living recipe, we're talking about consumer tech here, this is exactly what happened to nokia if they don't advance.
"Android" is not a company, it's just free stuff. When the smartphone's era ends, the hardware companies which create android phones will continue building other hardware like they do now, and google will continue to offer and create services. Apple is crap at services and they are not hardware assemblers, so what happens then? There is not any other company on earth which depends so much on the smartphone as a concept as Apple. And it can be 5 or 10 years, but the smartphone, like the dumb phone, like the mp3 player, like the discman, like the vinyl player... will get obsolete as a product category.