“A shareholder asked him about plans for a video iPod at the company’s annual meeting in April. He responded by paraphrasing a campaign slogan of Bill Clinton’s 1992 presidential election campaign, ‘It’s the economy, stupid.’
‘It’s the music, stupid,’ Jobs said after a slight pause. Also, last week, Apple’s head of hardware product marketing Greg Joswiak told Reuters that Apple has no plans yet for a video iPod. […]
‘Apple has good equity built up around the iPod brand,’ McGuire said. ‘They have to be careful about turning it into this digital-media Swiss Army knife that does a lot of things but none of them very well.’”