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On Thursday, Apple Inc (NASDAQ: AAPL) issued its fiscal second quarter results and although they were slightly higher than Wall Street expected, Apple posted a revenue drop, including falling iPhone sales. But Apple’s biggest news were that the board authorized its largest ever share buyback. The board authorized $110 billion in share repurchases, which represents a 22% YoY increase compared to last year’s authorization. Fiscal Second Quarter Highlights Revenue dropped 4% YoY to $90.75 billion,