Technology
Apple crushes Wall St targets, to spend $115b buying its own shares – The Australian Financial Review
Sales to China nearly doubled and results topped analyst targets in every category from iPhones to Mac computers.
Apple thrived through the coronavirus pandemic as home-bound consumers stocked up on electronic devices and signed up for paid apps and services for fitness and music, and sales shot up even higher as Apple released 5G iPhone models last fall.
For the fiscal second quarter ended March 27, Apple said sales and profits were $US89.6 billion and $US1.40 per share, compared with estimates of $US77.4 billion and 99 cents per share, according to Refinitiv data.
Apple shares rose 3 per cent in extended…
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