Apple announces largest-ever $110 billion share buyback as iPhone sales drop 10%
- Apple's $110 billion stock buyback announcement led to an 8% stock surge despite weak iPhone sales.
- Sales in Greater China dropped almost 8% from the previous year, totaling $16.4bn.
- Apple experienced a 10% decline in iPhone sales, the biggest drop since the early COVID months.
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55 Articles
The decline in the iPhone business at the beginning of this year was expected - however, Apple also remains covered for the current quarter. Nevertheless, the stock market is satisfied with the group.Apple is anticipating rapid announcements on Artificial Intelligence after a decline in sales at the beginning of the year.The group sees great opportunities in the sector and will say more about it in the coming weeks, Apple CEO Tim Cook stressed.F…
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Apple reports biggest drop in iPhone sales since early months of pandemic - and reveals AI plans
Apple chief executive Tim Cook says the company feels "very bullish about our opportunity in generative AI and we're making significant investments", adding: "We're looking forward to sharing some very exciting things."
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