Apple's decision to repurchase its stock worth $14 billion did not only get Carl Icahn, a billionaire activist investor, to drop his buyback proposal. It also indicated the company's confidence in hinting the launch of its new product categories.

CNBC's Jim Cramer said Apple CEO Tim Cook took the initiative to declare to the world that Apple remains a growth stock as disappointed investors were still reeling from the company's low guidance of the current quarter's sales.

Carl Icahn has decided to drop his $50 billion stock buyback proposal to Apple after respected proxy adviser Institutional Shareholder Services Inc (ISS) criticized his attempts of micromanagement.

In a letter to Apple's investors dated Feb. 10, Icahn wrote he was backing off from his non-binding proposal that would be forcing the iPhone maker to add another $50 billion to its stock buyback plan.

He claimed Apple is now closer to his requested stock repurchase target after Cook's announcement of the $14 billion buyback.

Meanwhile, Apple may be on the brink of introducing a new product category in its lineup with the rumored label of "iAnywhere," which would serve as a catalyst event for Cupertino tech giant.

JP Morgan's tech research team and Analyst Mark Moskowitz believe that Apple could launch a new mobility and computing platform in the next 12 to 18 months. This reportedly "converged" operating system will enable iPhone or iPad owners to dock their device in a special display and use it as a computer.

The idea is not entirely new but Moskowitz believes it would keep investors interested in Apple again and dispel the notion that the company relies on refreshing existing products and not releasing anything innovative.

He said iAnywhere could be a "stepping stone" to broader services, which can bring in more sales for Apple. This could also help the company cut its dependence on product cycles on its current products. The analyst added Apple could increase revenue by selling specially configured displays that work seamlessly with any iPhone, iPad and cloud-based software or storage devices.

The company has not released an innovative product since the iPad and its investors want a new product to bring Apple's stocks back up. Apple investors continue to wait for the next "catalyst" product to be rolled out within the year with the long-rumored iWatch and a new iPhone with a bigger screen.

Apple has previously announced the company sold 51 million iPhones, 26 million iPads and 4.8 million Macs. The iPhone and iPad sales for Q1 FY 2014 broke records as Apple claimed they were both quarterly and all-time highs.

If Apple succeeds in launching this iAnywhere concept, this could help push the company's stock prices up.