Investors in outfits which supply the Apple Cargo cult are taking a battering after Wall Street realised that the new iPhone was the same as the old one.

Apparently the fear is that the iPhone 4S will not do very well after punters realised that it was just an iPhone 4 with the antennae problem fixed and slightly upgraded chip. Despite the Tame Apple Press pointing out that Apple only has to fart something with a logo and Apple fanboys will form a fanatical queue, investors think the whole Apple steam roller is running out of juice.

Hon Hai slipped 1.89 percent, while casing maker Foxconn Technology was limit-down. Camera module maker Largan Precision plunged 6.59 percent. The only one who was laughing was Apple's rival smartphone maker HTC, who edged up 0.6 percent.

Apple is hoping to kill off its rivals with patent trolling so it is still early days whether HTC or Samsung can capitalise on Apple dropping the ball.