on Thursday after the market closed. Even though iPhone sales declined 10% in the quarter on a year-over-year basis and were less than Wall Street estimates, any bad news was quickly forgotten when Apple announced a record $110 billion share buy back. That news even topped the announcement that Apple's second largest business segment, Services, reported record revenues during the quarter.
The stock took off instantly in after-hours trading on Thursday and that momentum continued when the opening bell rang on Friday. During Friday's trading session, Apple hit a high of $187 before closing at $183.36 for a gain of $10.33 or 5.97%. With 15,509,763,000 shares outstanding, today's surge added $160.21 billion to Apple's market capitalization giving the company a valuation of $2.83 trillion.
Beyond smartphones, Alan has covered the emergence of tablets, smartwatches, and smart speakers.Meta rubs salt in Apple Vision Pro wounds – the Android of AR/VR is here, and I'm super excited4 billion Android users who downloaded apps flagged by Microsoft need to take some actions to stay safeA discussion is a place, where people can voice their opinion, no matter if it is positive, neutral or negative.
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