I keep coming back to a conversation I had a few weeks ago with a veteran Silicon Valley CEO who knew Jobs. This was just after Jobs had resigned as CEO of Apple. We got to talking about why Apple is so well-positioned in the post-PC era, and this executive zeroed in on something you don't hear too often. "Steve Jobs told me he has 1,000 engineers working on chips," he said. "Getting low power and smaller is the key to everything."
When Steve Jobs retired he said "I believe Apple's brightest and most innovative days are ahead of it." Schonfeld believes Apple is working on chips to power the post-PC era. A time when form factor is no longer an issue and computers can be put into anything. Like a TV perhaps?
Recently, it was reported that before his death, Steve Jobs worked for more than a year on products that he felt would safeguard Apple's future putting at least four years of products in the pipeline.