The One Thing Steve Jobs Got Wrong

I would argue the one thing that Steve Jobs got wrong is he said that people would actually want to buy music and not actually access or rent it. And the fact is there's only so many times that somebody can listen to the song Despacito. Okay, so as a result you had the streaming services like Spotify and Beats which would then get acquired by Apple. People would rather access their music than buy it. Access over ownership. But that actually is not just limited to the music space and it's actually driving further into your deterioration in almost every category. The cost of cars combined with the cost of gas, tolls, parking insurance for people who live in a city make owning a car just not something that makes sense anymore. Especially with the ease and ubiquity of Uber and with all the money they're saving and not buying houses and not buying their cars, they're putting tours experiences so they can actually have that status update as a new status symbol.