You are here: Home » International » News » Companies
Business Standard

10th-anniversary edition release: Apple posts dip in iPhone sales

Shares of the world's most valuable listed company dropped down 1.9% at $144.65

Reuters 

Apple Inc reported a surprise fall in iPhone sales for its second quarter on Tuesday, indicating that customers may have held back purchases in anticipation of the 10th-anniversary edition of the company's most important product later this year. Under pressure from shareholders to hand over more of its $250 billion-plus hoard of cash and investments, Apple boosted its capital return programme by $50 billion, increased its share repurchase authorization by $35 billion and raised its quarterly dividend by 10.5 percent. Investors were unmoved, sending shares of the world's ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Wed, May 03 2017. 03:26 IST
RECOMMENDED FOR YOU