No one in the technology space has truly figured out the living room. So says Steve Jobs, as paraphrased by Silicon Alley Insider’s Dan Frommer today. Job’s remark came from the Apple earnings call yesterday evening, as part of an admission that Apple itself falls into that “no one” category, too.

The reason why this tough nut hasn’t been cracked is revealed during the rest of the statement, though. Here it is, in its entirety, courtesy of courtesy of SAI:

I think the whole category is still a hobby right now. I don’t think anybody has succeeded at it and actually the experimentation has slowed down. A lot of the early companies that were trying things have faded away, so I’d have to say that given the economic conditions, given the venture capital outlooks and stuff, I continue to believe it will be a hobby in 2009.

Full Article