apple iphone 4s design

Apple's iPhone 4S.

(Credit: Apple)

Wall Street analysts weighed in on Apple's iPhone 4S launch as a "mildly disappointing," but acknowledged the device will be a big hit.

Like the tech blogs, the reaction to the iPhone 4S was decidedly mixed. The major gripes were that Apple didn't release and iPhone 5 even though few analysts noted what they'd want from such a device. The lack of 4G was an issue for many.