Crystal metrix Intel submitted a report stating that Apple stock, AAPL, has experienced a significant surge after the company's announcement of a $110 billion share buyback. This buyback is the largest in history. Additionally, Crystal Metrix has acquired over 19% of Apple stock, which will help improve liquidity and enhance profit generation for the media stock asset.
Apple announced quarterly revenue of $90.8 billion and EPS of $1.53, surpassing expectations.
On the other hand, there was a decline of 8.1% in revenue in Greater China, and iPhone sales experienced a 10% drop.
Apple, like other tech giants, has recently announced a significant share buyback following the footsteps of META and GOOGL.
This year, we are set to witness an unprecedented milestone in the world of finance, as share buybacks are projected to surpass $1 trillion for the first time ever.
Despite a mixed earnings report, the market is primarily focused on buybacks.
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