Yes, Jobs was short-sighted and made a bad business decision by not supporting 95%+ of his potential customer base. He subsequently did a 180 on this decision

Yes, Jobs was short-sighted and made a bad business decision by not supporting 95%+ of his potential customer base. He subsequently did a 180 on this decision - Gen 3 introduced USB syncing, Gen 4 introduced USB charging, Gen 5 dropped Firewire syncing - and hey presto, the iPod started selling more than 5 million units a year, started being profitable and swallowed the entire competition.