Apple Inc. reported a second-quarter revenue of $90.8 billion, surpassing expectations of $90.6 billion, and an EPS of $1.53, beating the forecast of $1.51. Despite a 10% year-over-year decline in iPhone sales, totaling $46 billion, the company's overall performance was bolstered by a record $23.9 billion in services revenue, $7.45 billion from Mac sales, $5.56 billion from iPad sales, and $7.9 billion from wearable sales. Apple also announced a significant $110 billion stock buyback program and increased its dividend to $0.25. The company's results were positively received, with the stock price rising after the announcement. This performance comes amidst a general decline in global demand and competitive pressures, particularly in China, where sales totaled $16.4 billion and were less severe than anticipated.