Apple boosts dividend, buyback as profit beats Street

April 27, 2015 8:37 PM

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Apple boosts dividend, buyback as profit beats Street

(Reuters) - Apple Inc (AAPL.O) raised its dividend and boosted its share repurchase program by $50 billion as it reported a 27 percent rise in quarterly revenue on the back of surging iPhone sales.

The most valuable publicly traded U.S. company sold 61.2 million iPhones in the quarter, up 40 percent from the year-ago quarter, but down from the record-breaking holiday quarter. It sold 12.6 million iPads, down 23 percent from a year ago.

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