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Post-Jobs Apple seems paralyzed and unable to commit to any big moves.

It is impossible to overstate the success of the iPhone, but there are so many recent examples where they dipped their toes in only to fail or be left behind (autos, VR, AI, etc).

What will the next 20 years of Apple look like? Just more iPhones?

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The same as it has for about the past 20 years? Take a 30% cut of all transactions that ever happen as long as an iPhone was somewhere in the process.

Charging a high fee to be a middleman is insanely profitable. People shouldn't be surprised that companies that get there don't do anything else.

I'm not surprised, but I think it's fair to find it upsetting. It's a twofold loss: A loss of competition in all markets that Apple monopolizes, and a loss of everybody working towards protecting that golden goose instead of actually improving the product.

Apple Watch and Airpods are two of the largest consumer product launches of the last 10 years and they're both post-Jobs.

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