Apple increased its cash dividend by 4% and authorized an additional program to buy back $110 billion of its stock. The buyback is the largest in the company s history, according to Investing.com analyst Thomas Monteiro.
Apple reported China sales that missed Wall Street targets; Apple s total installed base of devices hit 2.2 billion; iPhone sales in mainland China were down mid-single digits; Apple s sales in China were $20.82 billion; Apple s wearables segment fell to $11.95 billion.