Look at some of those runway pics again and then repeat what you've just said.
While I disagree with Shaun UK on the iPod and old iMac, the difference between fashion and style I think is solid (even if those aren't the right two terms... not sure on that). 'Fashion' (as in the runway above) is all about standing out, trying to set some 'trend', and being weird. 'Style' (if that's the term for it... maybe elegance?) is more about taste combined with good design principals. The latter, is by nature, timeless (even if that isn't recognized at points in time when the culture goes chasing after some 'fashion.')
So, yes, something fashionable can be timeless, when the two happen to intersect... but their goals just aren't the same.
And, as I think I said, it isn't 100% Jobs vs Cook. Certainly, the iPhone started under Jobs (and was aimed at the consumer)... but I think Steve's driving force was to make a better (or ultimate) smart-phone, not chase after the maximum consumer dollar. I'm not sure sure what Cook's goal is.
And, Jobs seemed able to control the investors expectations and support to put off short-term gain for long-term success. I don't get that impression so much anymore. Apple seems to be making more and more 'popular tech industry' decisions (like they were back in the 90s) than the kind of decisions they were under Jobs.
And, again, the iPod. Job's goal was to revolutionize how music was consumed (which happened), and ALONG WITH THAT came financial success.... not the other way around!