Fortune's Philip Elmer-DeWitt said that Apple spent US$16 billion to buy 36 million of its own shares.
Apple Inc
Samsung increased it investment by US$1 billion with the hope that it would compensate for the slumping smartphone growth.
Analysts said that Apple is well-equipped with advantages that would keep it from BlackBerry's fate.
Analysts believed that Apple's budget iPhone or iPhone Lite would threaten the company's bottom line.
Electronic Arts Inc. stated that US$90 million of the company's overall revenue of US$103 million came from developing games for tech titans like Apple.
According to analysts, Apple Inc would only cut US$50 on the original price of iPhone so that it could maintain gross margins range of 36%-37%.
LG Innotek Co. and Inventec Corp., Apple's suppliers, led the rally after tech titan released its earnings report.
According to UBS, Apple needed to enhance it services and earn from new products for US$500 each stock.
Google's innovations and ways of dealing with circumstances proved why it is the leading tech giant in the industry and that it is a good investment.
The business model of the tech titan, Apple Inc., showed signs that it was already starting to fall apart.
The lack of immediate upgrades from Apple was said to be accountable for the decreasing demand for high-end smartphones.
AT&T would shift towards android phones but it would still depend on iPhone's resale value for its new upgrade plan.
Chromecast, Google's inexpensive answer to Apple TV, was anticipated to boost sales for the tech titan.
Google continued to make a splash in the digital TV world with its US$35-worth Chromecast device.
Apple's rebirth was expected to begin later this year amidst the growing worries of shareholders who were all anticipating for a boost.
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