Yup.
Something a lot of people might not know (it's a famous story among old-school Mac nerds, because it's so good) is that Apple was interested in buying Panic to use Audion as the basis of iTunes. (It's funny to think about this now, because we know how everything ends, but Steve Jobs was furious that Apple was so late to the digital music revolution, having been overly focused on digital home video, and was interested in buying a product off-the-shelf to help Apple catch up.) Panic ended up not being able to make the meeting with Apple, because they were already exploring selling the company to...AOL (this was the year 2000 remember, the peak of the dot-com boom, and AOL was on top of the world and giving everybody giant bags of money), and Apple bought a different product from a different indie team, SoundJam MP, to use as the basis of iTunes instead. The interesting thing is that Jobs actually sent Panic one of his famously terse emails after the AOL deal fell through and after Apple bought SoundJam, asking Panic if they'd still be interested in joining Apple. This time Panic took the meeting and, perhaps naively thinking that Audion would still have a market after Apple introduced their own free iTunes, decided not to sell. But the meeting still might have saved Panic: Cabel told Jobs they were getting ready to work on a digital photo management app for their next project, and Jobs straight up told them "yeah, don't do that one." After this meeting, Panic seemed to focus more on niche products and dev tools that Apple was less likely to want to build into their own OS. Wise!
It's weird to think about how different things would be if Panic sold. No Coda, no Nova. Would Untitled Goose Game still exist? But something they discuss in the podcast is that they're really happy with being an independent company that hasn't really taken outside investment, because it allows them to do unexpected things like decide to publish indie games, or spend a decade making a weird clock/Game & Watch/handheld game console thing. I'm sure it's one of those "what could have been" things that Cabel and Steven idly think about sometimes, though. Would they be happier if they had made iTunes? Would they be happier if they had become dot-com zillionaires? Who knows, but my gut says they're probably happier where they are right now, in Portland making a yellow Game & Watch thing with a crank and surprise games and putting that out into the world. It's hard to imagine a product that is more Cabel, or more Panic.