From Nasdaq: 2024-05-11 06:15:00

Apple’s shares rose after announcing a $110 billion buyback plan alongside disappointing second-quarter earnings. Sales dropped 4% to $90.8 billion, with iPhone revenue falling 10%. Despite strong service revenue growth in China, overall sales declined 8%. The buyback plan is Apple’s largest ever, but some question if AI investment opportunities would be wiser.



Read more at Nasdaq: Apple Unveiled a Historic $110 Billion Stock Buyback, but Is It the Right Move?