A fair amount of business wisdom there, but I'll have to check him off as one more analyst who doesn't get Apple. Yes, Jobs was obsessed with design, and the oxygen mask story is amusing. But design is not what makes Apple products what they are -- a superior, integrated system of products and services or a frustratingly closed one, depending on your POV -- what makes them what they are, and has made them wildly succeed where their predecessor products (he's right that they didn't do much of anything first) floundered, was Jobs' even greater obsession with the user experience. And when someone doesn't get that, the rest of their business wisdom, smart as it may sound, becomes suspect, because the user experience is almost everything.
Tim