Tyler Cowen, Columnist

Apple’s Influence Has Peaked, But Its Products Haven’t

America’s technology sector remains formidable, but worries that it will take over the world are overblown.

May 9, 2024 at 9:00 AM UTC

Tyler Cowen is a Bloomberg Opinion columnist, a professor of economics at George Mason University and host of the Marginal Revolution blog.

The products will keep on coming.
Photographer: Scott Olson/Getty Images North America

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Apple unveiled a record stock buyback plan last week even as it increased its dividend by 4%, to 25 cents per share. That made the market happy, and shares in the company are up about 10% since the announcement.

But why exactly is Apple more valuable now than it was last week? Answering this question may help reveal what the future holds for America’s technology sector.