2FQ24 net profit fell 2.5% to US$23.6 billion, with EPS of US$1.53, higher than the market's estimation of US$1.5, according to the announcement made by Apple Inc. (AAPL.US) on Thursday.
Revenue dropped 4% YoY to US$90.75 billion, which was still higher than the expected US$90.01 billion. However, iPhone sales decreased 10% in 2FQ24.
Meanwhile, Apple Inc. announced a US$110 billion share buyback plan, and a 4% increase in its quarterly dividend, the largest share buyback in Apple's history, representing a 22% increase from last year's US$90 billion share buyback.
Apple Inc. escalated 6.9% to US$185.02 in after-hours trading.
(Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)
