Apple scales back share buybacks as trade war adds US$900m bill

Quick Summary:

SAN FRANCISCO, May 2 — Apple yesterday trimmed its share buyback programme by US$10 billion (RM43.2 billion), with CEO T...

Sales of iPads and Macs were US$6.40 billion and US$7.95 billion, respectively, compared with analyst expectations of US$6.07 billion and US$7.92 billion.

Cook also said Apple’s planned US$500 billion in spending to expand its US footprint would involve both capital outlays and increased operational expenses as it builds out server and chip factories with its manufacturing partners.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Category: EconomyBusiness

Markets: MalaysiaChinaIndiaVietnam

Topics: Apple Us tariffs Trade war Tim Cook

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-02 @ 09:43:37 (18 hours ago)

News Timezone: GMT +8:00

News Source URL: malaymail.com

Language: English

Article Length: 757 words

Reading Time: 5 minutes read

Sentences: 27 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Malay Mail

News ID: 28314952

View Article Analysis

About Malay Mail

Main Topics: EconomyBusiness

Official Website: malaymail.com

Update Frequency: 24 posts per day

Year Established: 1896

Headquarters: Malaysia

News Last Updated: 7 hours ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #106

Publisher Details

Frequently Asked Questions