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Apple announces largest-ever $110B share buyback as iPhone sales drop 10%

cnbc.com

Apple's fiscal second-quarter earnings were slightly higher than Wall Street expectations, but showed overall revenue down...
Apple's fiscal second-quarter earnings were slightly higher than Wall Street expectations, but showed overall revenue down 4%, and iPhone sales falling 10%. The iPhone maker announced that its board had authorized $110 billion in share repurchases, the largest in company history.Apple CEO Tim Cook told CNBC that qua...

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