Apple Announces Buy-back But IPhone Sales Miss
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2018-05-02 HKT 05:08
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Apple reported a jump in second-quarter earnings on Tuesday and announced a hefty new share buyback plan, although sales of iPhone smartphones narrowly missed expectations.
Apple reported a 25.3 percent rise in earnings to US$13.8 billion. But iPhone sales for the quarter ending March 31 came in at 52.2 million, a bit below consensus estimates of 53 million. Shares rose 4.1 percent to US$176.07 in after-hours trading. (AFP)
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