Apple Beats Expectations with Record Share Buyback Program
Key Points: Apple announced a record share buyback program and a 4% increase in cash dividends, surpassing analyst estimates for fiscal second-quarter revenue. Apple anticipates low-single-digit revenue growth for the current quarter. Greater China sales outperform analyst expectations, reaching $16.37 billion. Quarterly earnings per share exceed Wall Street estimates, while sales in the services segment surpass analyst expectations. Mac sales experience growth driven by the new MacBook Air, but sales in the iPad and wearables segments fall short of estimates....