Apple posted another quarterly decline in profit and revenue as it grappled with falling iPhone sales, but shares rose after hours on buyback plans and a higher dividend
Apple Inc. reported another quarterly decline in profit and revenue, its first back-to-back dip in those key metrics in more than two years, as the tech titan continued to battle weak iPhone sales broadly and in particular a slowdown in China.
Still, the company’s results exceeded analysts’ expectations—which had been lowered in the wake of the sharp slump in the previous quarter—and the company’s shares rose in after-hours trading.
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