Well, I sort of disagree with nkannan in that Apple DID tend to have cutting edge engineering in order to provide the user experience. I don't think anyone will accuse Apple of having "out of date" PCB and chip packaging in their iPhone.
After NeXT and Newton, Jobs had learned state-of-the-art technology isn't the driver. The driver is the customer's wants. He's a great man like most CEOs and/or Entrepreneurs in his era. He has the passion to create something, something that lasts.
Apple did not obsess with using latest state-of-the-art technology, but created state-of-the-art products by aesthetic user interface and "keep it simple" logic . Steve Jobs has redefined single-handedly the Electronics industry.
While Apple products were seen as Classy, their real success lay in being meant for the "Technology Masses" (read average well-to-do guy) rather than the "Technology Classes" (Read Geeks).
My Tributes to Mr. Job.
Much has been written about Steve Jobs as a technology visionary, someone who saw the big picture despite not being an electronics engineer nor a computer scientist. But what is more compelling about Jobs has been the series of remarkable comebacks that he has made in a single life. Steve Jobs died too early, in what felt like the middle of the latest stage of his life. Apple has provided one of the few bright lights for people to look to, given recent economic and political troubles. It is that positive message, and questions over it, that people mourn as well as for Jobs himself. Thanks, Steve!