No Innovation in 2013?

Christopher Mims for Quartz:

All in, 2013 was an embarrassment for the entire tech industry and the engine that powers it—Silicon Valley. Innovation was replaced by financial engineering, mergers and acquisitions, and evasion of regulations. Not a single breakthrough product was unveiled…

As I read this, all I kept thinking was Christopher Mims didn’t get what he wanted for Christmas.

Update: here’s a grumpy chaser.