HyperCard was huge in its day, Jobs said

[Colin Holgate]

Unfortunately, Steve was making the point that Flash being big doesn't prove that it will live forever, after all, look at HyperCard. The blog I followed reported that the crowd laughed at his HyperCard comment.

He also seems to be making the mistake that a lot of people have, thinking that Flash is only used for video, and that if Flash dropped to 50% of use for playing video, that means that all Flash usage has dropped to 50%.