Apple Inc. reported a less severe sales decline than anticipated in its second fiscal quarter, with revenues totaling $90.8 billion, down from $94 billion in the previous year. Despite a 10.5% drop in iPhone sales, which fell from $51 billion to $46 billion, the company saw an increase in service revenues by approximately 12%, reaching $23.9 billion. Notably, Apple's performance in China was better than expected, with sales only dropping 8% year-over-year to $16.4 billion, surpassing the forecast of $15.9 billion. Additionally, Apple announced a record $110 billion stock buyback, the largest in its history, which contributed to a 3% rise in its stock price after the earnings announcement. The company also reported a net income of $23.63 billion and an EPS of 1.53.