Apple should spend money on innovation, not buybacks

By Eric Reguly

“Steve Jobs died seven years ago and if he could look down from the sky, he would not recognize Apple Inc., the company he made, and become the most successful gadgetmaker in the history of gadgets. It’s not because the stock market value of Apple has more than tripled since his death to more than $ 1 trillion (all currencies in US dollars) – making it the first public company to join the 12-zeros club – but because his baby a profound and disturbing personality change.”…

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