It's a perfect example of the Innovator's Dilemma -- https://en.wikipedia.org/wiki/The_Innovator%27s_Dilemma https://en.wikipedia.org/wiki/The_Innovator%27s_Dil

It's a perfect example of the Innovator's Dilemma -- https://en.wikipedia.org/wiki/The_Innovator%27s_Dilemma https://en.wikipedia.org/wiki/The_Innovator%27s_Dilemma I'm not trying to shill for the book, but it coined the phrase and elucidates it well. Roughly: new technology often doesn't enable much functionality that legacy technology already does. This is seen as an advantage by both sides. In truth, it's often an advantage for new tech, because new tech has advantages which old tech lacks. WRT Adobe, there are certainly huge swaths of their product plans which are impossible with web-based tech. So web-based tech looks crappy to them. They've downplayed and ignored the advantages of web-based tech. By the time these advantages start biting them in the market they're a decade behind, and will have to build expertise in new tech in order to catch up. Most companies cannot do this.