"The over-all point is that new technology will not necessarily replace old technology, but it will date it. By definition. Eventually, it will replace it. But it's like people who had black-and-white TVs when color came out. They eventually decided whether or not the new technology was worth the investment"

This quote by Steve Jobs is describing the concept that new technology will not right away replace old technology, however it will eventually do so. He uses the example of people who had black-and-white TVs when color TVs came out to show this point. He is stating that people had to decide whether or not the brand-new innovation was worth the financial investment. This quote is stressing the idea that brand-new technology will ultimately replace old technology, but it depends on the specific to choose when to make the switch. This quote is likewise suggesting that new innovation is frequently more advanced and efficient than old innovation, and it is up to the specific to decide if the brand-new technology deserves the investment. In conclusion, this quote is highlighting the idea that brand-new technology will eventually replace old technology, however it is up to the private to decide when to make the switch.