Apple’s share buyback is the largest in U.S. history. Here’s what that means

The buyback announcement comes as iPhone sales have declined, although the tech giant still beat analysts’ earnings estimates this week. Yesterday, Apple revealed earnings for its fiscal second quarter. While iPhone sales were down almost 10%, the company’s revenues and earnings per share beat expectations, albeit slightly. On the company’s earnings call, in addition to execs talking up the prospects of Apple’s AI plans, the company also announced another share buyback—this one the...