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I think a lens worth looking at that suggests this is a misstep is:
Apple has only ever convinced people to bring a new device with them once, with the iPod.
They realized that a wallet sized device that could playback your entire music collection would be a huge hit, and convinced people to effectively carry around a second wallet (plus headphones). This was the first and only time they convinced people to carry around a new device on a daily basis, and it was relatively easy since jeans had two front pockets anyways.
Around the same time, cell phones started also filling the role of second wallet, for a period, some of us even carried around 3 wallet sized devices. Then the iPhone just combined two of them (eventually all 3 kinda).
Macbooks / laptops, are basically just the equivalent of textbooks in our bookbag, iPads are just a fancier version of that book that can also work with a pencil. Apple Watch just replaced our regular watches. No other Apple product (or anyone else's for that matter) have convinced us to carry a wholly new form factor of device around with us.
They've only (in this century) produced a new product people take with them once, iPod. Except for the iPhone. MacBook Air. iPad. Apple Watch. AirPods.
So you're 16% correct, and falling.
It's not about the product, but the kind of device. Before the iPod, people didn't really carry around computer like devices with them in the pockets, did they?
Maybe you've heard of this device that plays music on tiny headphones, great for listening while walking. It was called a Walkman. Came out in 1979. By the time the iPod came out, there were plenty of digital music players; I carried a Rio Volt (CD-ROM full of MP3s), but the Nomad was the one CmdrTaco compared iPod to.
Many people carried Palm Pilots, Newtons, cell phones, pagers, portable games (GameBoy, Game Gear, Lynx), film & digital cameras. I used to carry so many gadgets. Sharp/Tandy PC-3 was a great little calculator/computer, so was HP-35s.
Apple's done an amazing job of making vastly better versions (eventually, in some cases; I waited for gen 3 iPod with USB), and folding multiple things into a device, and competing with themselves. So now most of those devices are gone, and we just carry an iPhone (or lame knockoff). I have a bunch of portable game devices, which live on my desk because why carry them? iPad rolled over the MacBook for portable computing. And now Vision Pro is going to roll over that (in a couple versions, probably).
The "one-hit wonder" assertion just requires someone to have lived a cave since 2006.
Genuinely curious, do real people actually use ipads?
Yes. It's Apple's second most profitable platform. If I go out to a café (which admittedly was before pandemic), half the people have one, much more than laptops now. In business, it's a super common way to take around documents, presentations, etc. The kids really love them.
I've been in love with it since launch, it's a magic book.