This is likely the truth. Apple has a great thing going on. They have now put out two consecutive products (iPhone 4S and new iPad) that tech journalists look at and say, "Meh". Then people line up around the block and buy them by the crapload. Apple has itself in a place where they don't have to innovate. They can just put the same products they've put out before and just give them a hardware refresh and people will line up to buy them.
Android is doing all the innovation. On Android, you've got far better hardware, phones with pico projectors, phones with larger screens, phones that dock into laptop docks, phones that dock into tablets, phones that dock into tablets that dock into laptop docks and phones running 4G. Apple will sit back, wait to see which, if any, of these technologies gains acceptance and then incorporate it. They are essentially getting their competitors to do all the innovation for them, then they step in, claim they invented the technology and reap the rewards.