Apple stock pops 6% after results top estimates, company reveals $110 billion buyback

Apple's stock surged 6% after reporting Q2 earnings that exceeded expectations and announcing a $110 billion share buyback. The company posted $90.8 billion in revenue, with iPhone sales at $45.96 billion, despite a year-over-year decline. Additionally, Apple's services reached a record $23.87 billion, surpassing forecasts. Apple anticipates low single-digit revenue growth next quarter and is preparing for its Worldwide Developers Conference to outline its AI strategy.