This is a bit of an outlier and not likely to be what the OP was dealing with, but pod update <podname>
will not work in all cases if you are using a local pod on your computer.
In this situation, the only thing that will trigger pod update
to work is if there is a change in the podspec file. However, making a change will also allow for pod install
to work as well.
In this situation, you can just modify something minor such as the description or summary by one letter, and then you can run the install or update command successfully.