“Apple Just Announced a $110 Billion Stock Buyback…”
May 15, 2024
“…For the period ended March 30, Apple’s revenue in China dropped 8% year over year to $16.4 billion. Much of this was attributable to a stalling iPhone segment, which dropped 10% year over year to $45.9 billion in all countries…”
https://finance.yahoo.com/news/apple-just-announced-110-billion-230900912.html
The article didnt speak much about the buy back. Anyways, why did Apple stock stall? China’s economy is crashing. Also the CCP banned use of iphones in government jobs. Don’t expect Apple to do well in China.