Apple announced its second fiscal quarter revenue of $111.18 billion, a 17% increase year-over-year, surpassing analyst expectations. The iPhone segment contributed significantly with $56.99 billion in revenue, up 22% from the previous year. The company also authorized a $100 billion stock repurchase program and raised its dividend to $0.27 per share. AI
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RANK_REASON This is a financial earnings report for a major tech company, not a core AI development.