Apple's revenue fell

Apple, one of the US technology giants, achieved a revenue of $90.8 billion in the 3-month period ending on March 30, despite a 4 percent annual decrease. Apple announced its balance sheet for the 3-month period ending on March 30, which it accepts as the second quarter of its 2024 fiscal year. Accordingly, the company's revenue decreased by 4 percent annually to $90.8 billion in the said period. The company had earned $94.8 billion in revenue in the same period last year. The market expected Apple's revenue to be $90.01 billion in the said period. Apple's net profit also decreased by 2 percent in the same period, falling to $23.6 billion. The company's net profit was recorded as $24.2 billion in the same period in 2023. The company's earnings per share increased from $1.52 to $1.53 in the said period. Apple also announced a $110 billion share buyback. The amount was the largest share buyback in the company's history. iPhone sales decreased by more than 10 percent During this period, Apple's smartphone and tablet sales decreased, while computer sales increased. iPhone sales decreased by 10.5 percent compared to the same period last year in the 3-month period ending March 30, falling to $45.9 billion. During the same period, iPad sales decreased by 16.7 percent to $5.56 billion, while Mac sales increased by 3.9 percent to $7.5 billion.