Someone is Coming to Eat You
randsinrepose.com
randsinrepose.com
... and replaced it with a wildly similar product.
Here's the first generation iPod Mini:
http://en.wikipedia.org/wiki/File:Green_ipodmini_1stgen.jpg
Here's the first generation iPod Nano:
http://en.wikipedia.org/wiki/File:1G_Nano_iPod.svg
What was risky or visionary about the product change?
(Not saying I agree with that particular argument, but it exists.)
What was great about the mini -> nano transition is that they did actually kill the mini. Too many companies would have hedged their bets and kept it around, which I think would have been a mistake.
It's emphasized in the video linked to in the OP, but it disappears in the images linked in the response above, which are not proportional. Here's a side-by-side comparison:
http://upload.wikimedia.org/wikipedia/commons/4/4b/IPod_5G-4...
About iPod miniaturization, see also the iPod-in-water story:
http://todayilearned.co.uk/2011/10/09/jobs-dropped-the-first...
All these years later, and with the new MBP, they're still pushing system miniaturization, flash memory, and high-res color displays. It's a straight line in some respects.
But the overall point stands; many other companies would have kept selling the successful iteration with only minor changes for as long as they could, and only made a bold shift when sales dropped or competition started nipping their heels.
But more importantly, the next generation of Nano's looked a lot more like the original mini, including the metal and the colors.
So this "bold move" seems like a mistake Apple quickly corrected.
Now, it's less risky for Apple as at the time anything iPod was likely to draw in sales, but for the majority of companies would they take a risk of killing an entire product line to make room for something they didn't know would be as well received? I'd wager no, the majority would sell side-by-side and cause consumers to weigh up the relative benefits of both. You'll get sales, but your line won't be as strong. Apple saw that the market responded to the Mini with a dozen 'Mini-alikes' and decided to go all in with the Nano, banking on the competitive advantage it'd give them.
>The reason you’ll see new iPhone hardware in the fall and yet another iPad come spring is because Steve Jobs knew that he didn’t just need to out-design his competition, he needed to out-execute them.
There was a scene dedicated to the moment Steve Jobs learned this lesson in the movie Pirates of Silicon Valley (my preferred way of remembering Steve Jobs, Bill Gates, and Steve Ballmer). I don't know if things actually happened that way, but Bill made it pretty clear when Steve said "we're better than you" that "that doesn't matter."
Now the impulse to not do anything is even larger than the ipod case.
Until someone else does better, and they don't see it coming, and then they're toast. Incidentally, this is what I'm trying to accomplish, so I'll update you when it happens! :)
I'd add, Apple doesn't just need to out-design their competition, they also need to out-design themselves.