Apple profit ebbs as iPhone sales under pressure
San Francisco (AFP) May 2, 2024
Apple on Thursday said its quarterly profit ebbed but topped market forecasts as it announced an unprecedented $110 billion share buyback. The iPhone maker reported a profit of $23.6 billion on $90.8 billion in revenue in the first three months of this year. "Given our confidence in Apple's future and the value we see in our stock, our Board has authorized an additional $110 billion for