Steve Jobs prided himself in that Apple's entire product line could fit on one table at the Apple Store. A slim product line helps focus the company on its overall goal. Too many products confuse the consumer and distract the company.
This was a good first step in returning to that ideal.
I could not disagree more.
That trope was true of the late 90's-early 00's when the computing and communications revolution was still somewhat nascent.
But today pretty much everyone is computer savvy, and this will only grow with time. By having less and/or more limited products than the competition Apple is painting itself further and further into an (admittedly profitable for now) niche.
They don't need to turn into Dell, but the whole "pare it down" approach is forcing customers like me to look elsewhere because they discontinue products and replace them with ones that cannot replace what came before in many scenarios.