Apple announced the biggest stock buyback in US history, a $110 billion plan, along with Q2 results showing $90.8 billion revenue with a 4% decrease year over year.
In China, sales fell 8.4%, but CEO Tim Cook highlighted Apple's leading smartphone sales in urban areas and iPhone growth. Other markets like Latin America, India, and Turkey saw record revenue.
Global sales for iPhones, iPads, and Apple Watches declined due to 'difficult compares,' possibly indicating prior year's products were fresher. iPad revenue is expected to grow double digits next quarter.
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