Apple unveils record $110 billion buyback as results beat low expectations
Apple's CEO, Tim Cook, is shown at a company event in Cupertino/ By Stephen Nellis, Max A. Cherney and Yuvraj Malik (Reuters) - Apple's quarterly results and forecast beat modest expectations on Thursday, as the iPhone maker unveiled a record share buyback program, sending its stock up 6% in extended trade. Apple increased its cash dividend by 4% and authorized an additional program to buy back $110 billion of stock. The buyback is the largest in the company's history./ Apple's quarterly revenue fell, but less than analysts had expected, ...
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