Apple (AAPL) Raises Quarterly Dividend 15.9% to $0.73; 1.7% Yield
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Apple surprises with solid iPhone sales, announces $100 billion buyback
May 1, 2018 4:30 PM EDTBy Stephen Nellis
(Reuters) - Apple Inc on Tuesday reported resilient iPhone sales in the face of waning global demand and promised $100 billion in additional stock buybacks, reassuring investors that its decade-old smartphone invention had life in it yet.
Apple's quarterly results topped Wall Street forecasts, which dropped ahead of the report on growing concern over the iPhone. The Cupertino, California-based company also was more optimistic about the current quarter than most financial analysts, driving shares up 3.6 percent to $175.25 after hours.
Suppliers around the globe had warned of smartphone weakness, playing into fears that the company known... More
Apple (AAPL) Tops Q2 EPS by 4c; New $100 Billion Share Repurchase
May 1, 2018 4:30 PM EDT(Updated - May 1, 2018 4:33 PM EDT)
Apple (NASDAQ: AAPL) reported Q2 EPS of $2.73, $0.04 better than the analyst estimate of $2.69. Revenue for the quarter came in at $61.1 billion versus the consensus estimate of $60.98 billion.
The company sold 52.217 million iPhone units in the quarter, versus the consensus of 53 million. The company solid 9.113 million iPad units and 4.078 Mac units. Services revenue was up 31% year-over-year to $9.19 billion.
The company also announced a new $100 billion share repurchase authorization and the dividend was raised by... More
