Apple (AAPL) Sales Decline Less Than Feared on China Demand

Apple Inc. shares saw a significant increase in late trading following the company's report of stronger-than-expected sales in the last quarter and a forecasted return to growth in the current period. This has sparked optimism that the recent slowdown is easing.

Despite a 4.3% drop in revenue to $90.8 billion in the March quarter, the figures surpassed analysts' predictions of $90.3 billion. Profits also exceeded Wall Street's projections for the period. Additionally, Apple announced the largest stock buyback in US history.

Key takeaways

Apple Inc. shares increased after the company reported stronger-than-expected sales last quarter.
The company predicts a return to growth in the current period, indicating a potential easing of the recent slowdown.
Despite a 4.3% fall in revenue to $90.8 billion in the March quarter, this was still better than the $90.3 billion predicted by analysts.
Apple announced the biggest stock buyback in US history, also exceeding Wall Street's profit projections for the period.

Apple (AAPL) Sales Decline Less Than Feared on China Demand

Key takeaways

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