Apple's falling iPhone sales don't bother Wall Street so long as margins, buybacks are increasing

Despite a 10% drop in iPhone sales, Apple's stock surged due to expanding profit margins and a significant increase in its buyback program to $110 billion. Wall Street focused on these positive aspects rather than the decline in sales, showing a shift in how investors view Apple, more as a financial powerhouse than just a gadget company. Apple also anticipates low single-digit revenue growth in the current quarter, reassuring investors about the company's overall financial health.