They have ceased to be relevant. With Dead Steve Jobs only communicating via ouija board, the rest of the company is slowly (or not so slowly, considering the lame iPwn5) sinking back into the mediocrity and borderline fail they were before the iPwns became the smash hits they were.
They've failed investors and consumers, because Jobs was able to think FORWARD, take bold chances, and was smart enough and driven enough to force the point through. If it weren't for the iPwn (which was a MAJOR risk in and of itself), Apple would be less than nothing these days.
But it was Jobs that made it happen, because he saw the future, and what he needed to do to make it happen (and to shape that future): convince EVERYONE that was the path they needed, that they needed to become a technology leader, instead of follower.
And they did. And they blazed a path big, bright, and wide, that created an entire industry of real, workable smartphones. And they are the de facto standard now.
Jobs dies. Apple starts to rot. iPwn5 is a flop. Apple becomes a chicken little follower. Everyone else takes the lead, the risks, and begin to redefine the genre with their products, instead of the other way around.
SO now, Apple risks failing, yet again; and this is why they are hoarding their cash: the execs see the writing on the wall, they're too scared to take any risks, they can't see beyond their next bonuses, so they huddle in their little boardrooms, plotting how to swipe all that cash, and put it into their own pockets, and eventually turn Apple into the next Hostess, where they rape the company of all its cash, then break it up and sell it into obscurity.
The only way that's not going to happen is if they get someone at the helm with vision and foresight, who can be bold and blaze a trail yet again.
I guess they better start digging, their only hope is Dead Zombie Steve Jobs!!!