Apple sales fall dip in Q2

Apple iPhone company reported a fall in iPhone sales for its second quarter on Tuesday, indicating that customers may have held back purchases in anticipation of the 10th-anniversary edition of the company's most important product later this year.Tim Cook an Apple CEO  blamed a "pause" as customers wait for the next iPhone which is due to release later this year, the BBC reported on Tuesday.Apple organisation posted posted quarterly revenue of $52.9 billion and quarterly earnings per diluted share of $2.10.
Under pressure from shareholders to hand over more of its $250 billion-plus hoard of cash and investments, Apple boosted its capital return program by $50 billion, increased its share repurchase authorization by $35 billion and raised its quarterly dividend by 10.5 percent.
Investors were unmoved, sending shares of the world's most valuable listed company down 1.9 percent at $144.65 in after-hours trading.