Apple's highly anticipated quarterly earnings report is set to release on Thursday.&nbsp;

While the company is expected to see a decline in revenue, it will still look to remind investors of its massive market power, as per a CNBC report.&nbsp;

The company is set to reveal how much its board has authorized it to spend on share buybacks.&nbsp;Analysts predict that the share buyback plan will be worth $90 billion. This move will&nbsp;highlight the tech giant's massive&nbsp;cash reserves.&nbsp;

This would also reaffirm Apple's position as the 'buyback king', having spent over $572 billion on share repurchases since 2012, more than any other company.&nbsp;

In comparison, Apple's main competitor in the buyback realm, Alphabet, has spent $178.5 billion on share repurchases over the past decade.

However, some analysts have been questioning Apple's buyback strategy. They suggest&nbsp;that the company will work towards becoming net cash neutral in the future.&nbsp;

Cash neutrality is a situation when a company's cash pile will equal its debt, allowing the board to slow down the pace of its capital return.

What to expect from quarterly results

Meanwhile,&nbsp;investors are bracing for a weak quarter, even as official guidance remains&nbsp;unknown.

As per reports, Apple has not provided official guidance since the Covid outbreak began. But management has constantly provided investors with data points about particular product lines and the company's total sales.&nbsp;

According to some estimates, sales will fall again this year in the June quarter.

Apple's sales are expected to fall 4.4 percent year-on-year, while analysts expect Apple's revenue in the third quarter to rise about 2 percent to $84.7 billion.

Notably, Apple continues to sell many products at good margins despite the expected decline.&nbsp;

The earnings report will take into account Apple's continued strength in the market, despite challenges such as decreasing Mac and iPad sales. The company's massive cash reserves and buyback program serve as a reminder of its position as a market leader and its ability to weather economic storms.

Apple's&nbsp;diversifying revenue streams

But there's more to Apple's financial story than share buybacks and dividends.&nbsp;

The tech giant is also expanding its financial services offerings, including its Apple Card and the recently announced Apple Savings account. The new account, launched in partnership with Goldman Sachs, promises a 4.15 percent annual return and no fees.

Apple is following the lead of other tech companies, such as Amazon and Google, which have also ventured into the financial services industry. Apple's move into banking comes as the tech giant seeks to diversify its revenue streams and reduce its reliance on iPhone sales.

Apple's highly anticipated quarterly earnings report is set to release on Thursday. While the company is expected to see a decline in revenue, it will still look to remind investors of its massive market power, as per a CNBC report.

Apple's highly anticipated quarterly earnings report is set to release on Thursday. While the company is expected to see a decline in revenue, it will still look to remind investors of its massive market power, as per a CNBC report. The company is set to reveal how much its board has authorized it to spend on share buybacks. Analysts predict that the share buyback plan will be worth $90 billion. This move will highlight the tech giant's massive cash reserves. This would also reaffirm Apple's position as the 'buyback king', having spent over $572 billion on share repurchases since 2012, more than any other company. In comparison, Apple's main competitor in the buyback realm, Alphabet, has spent $178.5 billion on share repurchases over the past decade. However, some analysts have been questioning Apple's buyback strategy. They suggest that the company will work towards becoming net cash neutral in the future. Cash neutrality is a situation when a company's cash pile will equal its debt, allowing the board to slow down the pace of its capital return. What to expect from quarterly results Meanwhile, investors are bracing for a weak quarter, even as official guidance remains unknown. As per reports, Apple has not provided official guidance since the Covid outbreak began. But management has constantly provided investors with data points about particular product lines and the company's total sales. According to some estimates, sales will fall again this year in the June quarter. Apple's sales are expected to fall 4.4 percent year-on-year, while analysts expect Apple's revenue in the third quarter to rise about 2 percent to $84.7 billion. Notably, Apple continues to sell many products at good margins despite the expected decline. The earnings report will take into account Apple's continued strength in the market, despite challenges such as decreasing Mac and iPad sales. The company's massive cash reserves and buyback program serve as a reminder of its position as a market leader and its ability to weather economic storms. Apple's diversifying revenue streams But there's more to Apple's financial story than share buybacks and dividends. The tech giant is also expanding its financial services offerings, including its Apple Card and the recently announced Apple Savings account. The new account, launched in partnership with Goldman Sachs, promises a 4.15 percent annual return and no fees. Apple is following the lead of other tech companies, such as Amazon and Google, which have also ventured into the financial services industry. Apple's move into banking comes as the tech giant seeks to diversify its revenue streams and reduce its reliance on iPhone sales.

Apple: 'Buyback King' looks to gain investor confidence with $90 billion plan

Apple Inc on Thursday announced its quarterly earnings, beating Wall Street's below-par&nbsp;expectations. The better-than-expected results were largely driven by better iPhone sales, as per media reports.

The American tech giant reported revenue of $94.8 billion, way higher than the expected $92.96 billion. The company also reported earnings of $1.52 per share, compared to the expected $1.43 per share. According to media reports, company's year-over-year business performance improved compared to the December quarter.&nbsp;

The better-than-expected numbers boosted Apple's shares by 2 percent in the US stock market.&nbsp;

The driving force behind Apple's quarterly performance was its iPhone sales, which amounted to a whopping $51.3 billion. This sales figure was much higher than analysts' expectation of $48.84 billion.&nbsp;

A major reason for Apple's improved performance in the reported quarter. was China. Apple's sales in China were better than expected as consumers there resorted to "revenge spending" after Covid restrictions were lifted late in 2022.&nbsp;

As per Apple's media release, the company's board of directors also approved a $90 billion share buyback program, one of the largest in corporate history. Apple’s board of directors also declared a cash dividend of $0.24 per share, an increase of 4 percent,.&nbsp;

However, all was not well for Apple in the quarter gone by.&nbsp;

Overall sales were down 2.5 percent. This was the second straight quarter of decline in sales, a first for Apple since the Covid-19 pandemic. &nbsp;

Total revenue, too, was down 3 percent compared to the previous quarter, as Apple's iPad and Mac divisions posted revenue losses.

What the future holds for Apple

Apple has exciting plans for the future. The company recently entered the banking sector by launching a savings account. As per reports,&nbsp;users of its 'Apple Card' can earn 4.15 percent&nbsp;on savings accounts, or 10 times higher than the national average.&nbsp;

Its most anticipated announcement is the launch of a new virtual and augmented reality headset. This new product is expected to revolutionize the way we interact with technology.

Overall, Apple's latest earnings beating expectations is a reason to celebrate for the company's investors and fans alike. As always, Apple remains a company to watch in the technology industry, and it will be exciting to see what new innovations and developments it has in store in the coming years.

Apple Inc on Thursday announced its quarterly earnings, beating Wall Street's below-par expectations. The better-than-expected results were largely driven by better iPhone sales, as per media reports.

Apple Inc on Thursday announced its quarterly earnings, beating Wall Street's below-par expectations. The better-than-expected results were largely driven by better iPhone sales, as per media reports. The American tech giant reported revenue of $94.8 billion, way higher than the expected $92.96 billion. The company also reported earnings of $1.52 per share, compared to the expected $1.43 per share. According to media reports, company's year-over-year business performance improved compared to the December quarter. The better-than-expected numbers boosted Apple's shares by 2 percent in the US stock market. The driving force behind Apple's quarterly performance was its iPhone sales, which amounted to a whopping $51.3 billion. This sales figure was much higher than analysts' expectation of $48.84 billion. A major reason for Apple's improved performance in the reported quarter. was China. Apple's sales in China were better than expected as consumers there resorted to "revenge spending" after Covid restrictions were lifted late in 2022. As per Apple's media release, the company's board of directors also approved a $90 billion share buyback program, one of the largest in corporate history. Apple’s board of directors also declared a cash dividend of $0.24 per share, an increase of 4 percent,. However, all was not well for Apple in the quarter gone by. Overall sales were down 2.5 percent. This was the second straight quarter of decline in sales, a first for Apple since the Covid-19 pandemic. Total revenue, too, was down 3 percent compared to the previous quarter, as Apple's iPad and Mac divisions posted revenue losses. What the future holds for Apple Apple has exciting plans for the future. The company recently entered the banking sector by launching a savings account. As per reports, users of its 'Apple Card' can earn 4.15 percent on savings accounts, or 10 times higher than the national average. Its most anticipated announcement is the launch of a new virtual and augmented reality headset. This new product is expected to revolutionize the way we interact with technology. Overall, Apple's latest earnings beating expectations is a reason to celebrate for the company's investors and fans alike. As always, Apple remains a company to watch in the technology industry, and it will be exciting to see what new innovations and developments it has in store in the coming years.

Apple quarterly results beat expectations, thanks to boost in China sales

Apple is aiming to show it can do more than just make iPhones in a quarterly update Tuesday for investors who are skeptical over whether the culture-changing company can regain the momentum from its glory days.

In recent weeks, <a href="http://www.wionews.com/world/apple-in-crisis-users-complaining-of-swollen-iphone-8-and-8-plus-21175">Apple shares have been hammered</a> on concerns that its best days are over, with smartphone sales slipping and no new "big thing" on the horizon.

Amid turbulence in the tech sector, Apple has lost its trillion-dollar status and slid behind rivals Microsoft and Amazon on the list of most valuable corporations.

The California tech giant has been trying to shift focus to growth in the side of its business devoted to selling music, movies, apps, and services to the vast "install base" of Apple gadget owners as well as via other internet-linked devices.

Apple delivered a stunning admission earlier this month that iPhone sales and overall revenues would be below most forecasts, citing economic weakness in China and trade frictions between Washington and Beijing.

Some analysts believe iPhone sales over the quarter to December will show an unprecedented decline, although the exact figures won't be visible because Apple has decided to leave off unit sales.

Resilience? 
Gene Munster and Will Thompson of the investment firm Loup Ventures said that despite lower iPhone sales, Apple can make up for lost revenues from its growing services segment.

"This is unprecedented and representative of a resilient business," Munster and Thompson write in a blog post.

The saturated global smartphone market is forcing Apple to seek another reinvention.

"This is not 'the fall of Apple' -- it's just the shift of smartphones to boring maturity, as we look for what's next," Benedict Evans of the investment firm Andreessen Horowitz said in a recent blog post.&nbsp;

Rumors buzzing about the company include its plans to produce it own shows, potentially challenging streaming television giants Netflix and Amazon Prime, which have invested heavily in original content.

"There are other ways to make money but it's not clear how Apple is going to do that," noted analyst Jack Gold of J. Gold Associates.

Apple has consistently touted the success of its eponymous smartwatch, engineering the wristwear with health and fitness features.

Apple Pay has been steadily adding to the roster of businesses that let people tap handsets to consummate transactions.

Another important source of income is the surging market for app downloads, where Apple gets 30 percent of the action.

Meanwhile, Apple remains under pressure as fans and analysts wonder whether the company lost its ability to wow the world when co-founder and chief Steve Jobs died in late 2011.

The China factor 
Apple had been growing in China until recently, but the combination of trade frictions and a slowing Chinese economy are cutting into its sales there.

Former Apple executive Jean-Louis Gassee said the surprise on Chinese sales was a massive mistake for CEO Tim Cook.

"I distinctly recall Cook telling analysts during a quarterly earnings call that, having studied the country for 30 years, he knew China," Gassee said in a blog.

"How could Apple, which is more embedded than most Western companies, not see a Chinese economy slowdown that started well before the 2018 holiday quarter?"

Apple is likely to face questions on whether it boosted prices too far, lifting its newest handsets to $1,000 or more, in a market that is seeing tougher competition.

Consumer Intelligence Research Partners said its survey showed 65 percent of iPhone buyers chose the newer models over the less expensive ones, and that the average selling price of the devices rose to "well over $800."

Apple is aiming to show it can do more than just make iPhones in a quarterly update Tuesday for investors who are skeptical over whether the culture-changing company can regain the momentum from its glory days.

Apple is aiming to show it can do more than just make iPhones in a quarterly update Tuesday for investors who are skeptical over whether the culture-changing company can regain the momentum from its glory days. In recent weeks, Apple shares have been hammered on concerns that its best days are over, with smartphone sales slipping and no new "big thing" on the horizon. Amid turbulence in the tech sector, Apple has lost its trillion-dollar status and slid behind rivals Microsoft and Amazon on the list of most valuable corporations. The California tech giant has been trying to shift focus to growth in the side of its business devoted to selling music, movies, apps, and services to the vast "install base" of Apple gadget owners as well as via other internet-linked devices. Apple delivered a stunning admission earlier this month that iPhone sales and overall revenues would be below most forecasts, citing economic weakness in China and trade frictions between Washington and Beijing. Some analysts believe iPhone sales over the quarter to December will show an unprecedented decline, although the exact figures won't be visible because Apple has decided to leave off unit sales. Resilience? Gene Munster and Will Thompson of the investment firm Loup Ventures said that despite lower iPhone sales, Apple can make up for lost revenues from its growing services segment. "This is unprecedented and representative of a resilient business," Munster and Thompson write in a blog post. The saturated global smartphone market is forcing Apple to seek another reinvention. "This is not 'the fall of Apple' -- it's just the shift of smartphones to boring maturity, as we look for what's next," Benedict Evans of the investment firm Andreessen Horowitz said in a recent blog post. Rumors buzzing about the company include its plans to produce it own shows, potentially challenging streaming television giants Netflix and Amazon Prime, which have invested heavily in original content. "There are other ways to make money but it's not clear how Apple is going to do that," noted analyst Jack Gold of J. Gold Associates. Apple has consistently touted the success of its eponymous smartwatch, engineering the wristwear with health and fitness features. Apple Pay has been steadily adding to the roster of businesses that let people tap handsets to consummate transactions. Another important source of income is the surging market for app downloads, where Apple gets 30 percent of the action. Meanwhile, Apple remains under pressure as fans and analysts wonder whether the company lost its ability to wow the world when co-founder and chief Steve Jobs died in late 2011. The China factor Apple had been growing in China until recently, but the combination of trade frictions and a slowing Chinese economy are cutting into its sales there. Former Apple executive Jean-Louis Gassee said the surprise on Chinese sales was a massive mistake for CEO Tim Cook. "I distinctly recall Cook telling analysts during a quarterly earnings call that, having studied the country for 30 years, he knew China," Gassee said in a blog. "How could Apple, which is more embedded than most Western companies, not see a Chinese economy slowdown that started well before the 2018 holiday quarter?" Apple is likely to face questions on whether it boosted prices too far, lifting its newest handsets to $1,000 or more, in a market that is seeing tougher competition. Consumer Intelligence Research Partners said its survey showed 65 percent of iPhone buyers chose the newer models over the less expensive ones, and that the average selling price of the devices rose to "well over $800."

Apple's best days behind it?