US: Apple is returning another $100bn (£73bn) to shareholders from its huge cash pile as solid iPhone sales helped revenues rise 16% to just over $61bn.The company sold 52.2 million iPhones in the three months to March – only a touch below expectations, despite waning global demand for smart phones.Revenues at Apple’s services business that includes Apple Music and the App Store jumped almost a third to $9.1bn.Apple has about $145bn in the bank, but plans to return the cash to investors.After the announcement, Apple shares rose 3% in after-hours trading on Wall Street.
Markets, oil drop in Asia but bitcoin edges towards $50,000
HONG KONG: Markets fell in Asia on Friday in holiday-thinned trade with investors awaiting developments in US stimulus talks, while...