The financial results of the American company, Apple, showed that the second quarter profits that ended on March 31 fell by about 5% on an annual basis.

The company’s profits during the period amounted to about $ 58 billion, which came in slightly better than the average expectation of $ 57.4 billion.

The company said that iPhone revenue was $ 31.05 billion, which is slightly lower than the average expectation of $ 31.1 billion.

Apple confirmed that it managed to achieve operating cash flows of $ 11.2 billion during the second quarter.

The company decided to increase share repurchases by $ 75 billion, in addition to increasing the cash dividends to shareholders.

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