Apple's Q2 Profits Drop Amid Stock Buyback Program
The company announced a profit of $9.5 billion — $10.09 a share — amid revenues of $43.6 billion. At this time last year, Apple reported profits of $11.6 billion — $12.30 a share — with revenues of $39.2 billion. Apple's net income decline year-over-year is 18 percent.
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