FILE - In this Wednesday, Sept. 7, 2016, file photo, Apple CEO Tim Cook announces the new iPhone 7 during an event to announce new products, in San Francisco. Apple still hasn’t shown any sign of being able to duplicate its late founder Steve Jobs’ knack for game-changing innovation, but that isn’t stopping the world’s most valuable company from reaching new heights. The main reason: Before Jobs died in 2011, he left behind the iPhone, a product with such a devout following that it’s expected to generate billions of dollars in profit for the foreseeable future even if the company isn’t as clever as it once was. (AP Photo/Marcio Jose Sanchez, File)