What a shame it has come to this. I feel that Apple may as well be renamed, because it increasingly bears no resemblance to the Apple that Steve Jobs made. Perhaps they should call themselves Blackberry if they wish to sell products in the thousands rather than the millions.
What a bleak year it has been for Apple, what with the cluster of botches, ranging from the autistic Apple Watch to the dismal Beats 1 and sorry mess that is Apple Music, to the fashionista 12" MacBook. And that's coming from an optimist. But hey, diversity!
Although I don't like the "Steve Jobs would have/wouldn't have done X" meme in general, I'll mention that MobileMe, the mess that was/is iTunes, and the hockey puck mouse all happened under Steve Jobs' watch. Also, the "fashionista" MacBook is exactly the kind of product that Steve Jobs would have released. The first few MacBook Airs were basically "fashionista" notebooks.
TV a "hobby" because the product line was not materially significant to Apple one way or the other. The same is certainly true of the watch if these sales estimates are accurate. I think a lot of products are potentially on the chopping block at Apple, don't be too surprised if some of them (and the associated execs) disappear in the next year or two.