THERE was no firm timetable for an iWatch or for a revolutionary iTV. Nor was there a concrete plan for releasing a low-cost iPhone. There was, however, the promise of what is reportedly the biggest share buyback in American corporate history.
Schumpeter | Apple
Tim Cook's cash card
A whopping share buyback plan can’t disguise the challenges that still lie ahead at the tech giant
More from Schumpeter
And it's goodbye from us
The Schumpeter blog is closing down as we engage in some creative destruction at Economist.com
The world's biggest shakedown?
A labyrinthine legal landscape is making it harder than ever for corporate America to stay on the right side of the law, say our correspondents
The politics of price
This week: Surprisingly low oil prices, more bank fines and Chinese antitrust enforcement