Apple (AAPL) Announces $50 Billion in Buybacks and Dividend Increase After Earnings Slipped

Apple (AAPL) earnings have dipped in response to the coronavirus pandemic, but the company has promised $50 billion in buybacks and a dividend increase. According to a report by Marketwatch, Apple has declined to provide investors with a financial forecast in response to COVID-19 and said profits slipped slightly despite a bump in sales. Apple’s earnings and revenue report topped analyst expectations for the March quarter. However, the company has decided against providing a forecast for the current quarter, citing uncertainties brought on by the coronavirus pandemic.

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