Apple Inc reported a 27 percent rise in quarterly revenue as iPhone sales surged and the company raised its share repurchase programme by $50 billion.
The most valuable publicly traded U.S. company said net income rose to $13.57 billion, or $2.33 per share, from $10.22 billion, or $1.66 per share, a year earlier.
Revenue rose to $58.01 billion in the second quarter ended March 28, from $45.65 billion a year earlier.
Apple increased its share repurchase authorization to $140 billion from $90 billion announced last year.
Zee News App: Read latest news of India and world, bollywood news, business updates, cricket scores, etc. Download the Zee news app now to keep up with daily breaking news and live news event coverage.
