Replace “iPhone” with “iMac” in this comment and it reads like a prognosis from 15 years ago.

Of course, Apple isn’t going to just remain stagnant and allow new technologies to make their primary business obsolete. They’ll do exactly what they’ve been doing for the last few decades and gladly allow new technologies to cannibalize their own products, just as they did with the iPhone replacing the iPod and the iPad replacing the iMac in the vast majority of use cases.