Apple Inc is turning to selling more apps and services in China amid falling sales and rising competition from domestic smartphone makers. — Reuters
Apple Inc reported a surprise fall in iPhone sales for its second quarter on May 2, 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 US$250bil-plus (RM1.08tril) hoard of cash and investments, Apple boosted its capital return programme by US$50bil (RM215.72bil), increased its share repurchase authorisation by US$35bil (RM151.01bil) and raised its quarterly dividend by 10.5%.
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