Microsoft's unveiling of a $60bn stock buyback program and a 10% dividend increase indicates a strong cash position and a strategy to reward shareholders.
Apple’s shares fell 2.8% due to fears of weak iPhone 16 demand, with pre-orders for the new model reportedly down 12.7% compared to last year's iPhone 15.
Analysts expressed mixed views on the iPhone 16 demand; while one highlighted lower pre-order sales, another pointed out the phone's AI features as a possible positive.
BofA Global Research noted shorter shipping times for iPhone 16 Pro models compared to the previous year's model, indicating a potential shift in consumer interest.
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