Kate MacKenzie takes a few pokes at her favorite technology company.
The problem I see with Apple riches is how much of the company’s profits go to the rich, and not back into the company to create the next great thing. Shareholders reap a growing stock price and increased dividends. They also reap a growing stock price when Apple buys back stocks to reduce the number of shares on the market, which, supposedly, helps drive up the price for remaining shares.
Then the inevitable comparison of current CEO Tim Cook vs. former co-founder and CEO Steve Jobs.
Other than spend a few hundred billion dollars on share buybacks and dividends, Tim Cook’s product line since Jobs died in 2011 has been… insert drum roll here… accessories for iPhone.