Most of what you mentioned came from big companies with a $billion or more. Mike is an Investor. When he says that innovation is not happening, its probably because he is not seeing good ones starting up, i.e a new comer with an amazing idea. We'll see the effect a few years from now, when most great products come from Google/Amazon/Microsoft/Apple. It is probably that way already.

Every decade has had a game changer who came in from no where. Who is going to take away the 201x?