The never timid Kate MacKenzie thinks Apple has become too rich.
Apple has so much money that executives and the board of directors do not know what to do with it all. How else do you explain dividends and stock buy backs? How else do you explain throwing a few billion dollars to produce original video content to prop up iTunes, Apple TV, and Apple Music’s customer base?
How does CEO Tim Cook compare to co-founder Steve Jobs?
Steve Jobs was pretty good at disrupting market after market while Tim Cook is pretty good at collecting money. Despite many billions of dollars spent on research and development, billions more dumped into manufacturing, and now billions going to original video content to compete with the likes of Amazon and Netflix, Apple has money, Apple spends money, but Apple doesn’t have too many new industry changing, market disrupting products to show for it.