This is a remarkable bit of honesty from Apple, and damning. To what, 'sharpen' its focus on the fall lineup of new watchbands? Last time I checked Apple was a computer company, not some 'consumer products' outfit searching for the next big thing.
I've said this before and will again, that for a company all the more reliant on wi-fi—which will not even sell you the OS on disc, but make you download it—it is beyond irresponsible to forsake one of the key links of such a system within a home.
This is a security issue among other things. Apple is suggesting that aside from being careful what you do online at such places at Starbucks, you do no less at home. Good luck securing the right equipment from some vendor—hoping it works well enough, with no backdoors, etc.—Apple is happy to leave this to you.
While on the topic of security I'll mention again the seeming radio silence from Mr. Cook on the matter of iOS vulnerability due Grayshift hacking. Apple's insistence on its concern for our privacy is wearing rather thin in places.
Apple had better decide what it wants to be. It was a stellar computer company; that is what Mr. Jobs bequeathed Mr. Cook. That legacy is now badly tarnished under heaps of glue, missing ports, bad software, and a disregard for the professional community that once kept Apple alive and off the rocks of bankruptcy. If Mr. Cook wishes to dismiss this in favor of consumer products then a good many of us who favored and relied upon Apple for its innovation and attention to excellence will have no choice but to look elsewhere, to less desirable options—as that we once loved is dead.
Mr. Cook may wish to reconsider however, for fashion is fickle. Presently unassailable due the riches of Apple, these were extracted from the legacy of Mr. Jobs and those that supported his vision. Your own stewardship and what it has wrought is coming plainly into focus now, and far from a certain matter how long consumers will like you versus another little different, Apple's riches will last, or the Board consider you as expendable as you an AirPort Wireless Router.