Apple s quarterly results beat expectations with a record share buyback program and increased cash dividend. The $110 billion stock buyback is the largest in the company s history. CEO Tim Cook foresees revenue growth.
Apple's shares have experienced a 4 per cent decrease in 2024, following a 48 per cent surge the previous year. In contrast, Microsoft has seen a 2 per cent increase this year, building on a substantial 57 per cent surge in 2023.
The company s shares dropped 1.7% to an eight-week low of $181.20 on Thursday. If the losses hold, Apple stands to lose $47.4 billion of its value for the day.