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Apple Announces Largest-Ever $110 Billion Share Buyback As iPhone Sales Drop
samedi 4 mai 2024, 02:10 , par Slashdot/Apple
Apple reported net income of $23.64 billion, or $1.53 per share, down 2% from $24.16 billion, or $1.52 per share, in the year-earlier period. Cook told CNBC that sales in the fiscal second quarter suffered from a difficult comparison to the year-earlier period, when the company realized $5 billion in delayed iPhone 14 sales from Covid-based supply issues. 'If you remove that $5 billion from last year's results, we would have grown this quarter on a year-over-year basis,' Cook said. 'And so that's how we look at it internally from how the company is performing.' Apple said iPhone sales fell nearly 10% to $45.96 billion, suggesting weak demand for the current generation of smartphones, which were released in September. The sales were in line with analyst estimates, and Cook said that without last year's increased sales, iPhone revenue would have been flat. Mac sales were up 4% to $7.45 billion, but they are still below the segment's high-water mark set in 2022. Cook said sales were driven by the company's new MacBook Air models which were released with an upgraded M3 chip in March. Other Products, which is how Apple reports sales of its Apple Watch and AirPods headphones, was down 10% year over year to $7.9 billion. Read more of this story at Slashdot.
https://apple.slashdot.org/story/24/05/03/2217202/apple-announces-largest-ever-110-billion-share-buy...
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