If at first you don't succeed, buy back your stock.

I'm David Brancashu in New York.

Apple of iPhone and Macbook Fame reported sales and profits for the winter quarter that lacked luster, but the company says

better times are ahead as it triggered maneuvers to cheer up investors.

Apple says quarterly revenue was down 4% from the same time last year, but revenue fell less than analysts expected.

iPhone sales were down.

Apple is facing stiff competition from Samsung, which is incorporating AI into more of its devices.

Sales fell in China where Apple competes against the Chinese company Huawei.

Apple CEO Tim Cook says revenue will start growing again in its third quarter.

The company also announced its board has authorized an extra $110 billion for share

buybacks.

I'm Nancy Marshall Genser for Marketplace.

The stock buyback, an increase in cash back to investors as dividends seems to be working.

Despite these results, Apple's stock is up 6% in pre-market trading now.

It's been just over five weeks since Trump Media and Technology Group, Ticker Simple

DJT's, started trading on the NASDAQ.

This week a regulatory filing showed the company

is issued around one and a half billion dollars worth of new shares to former

President Donald Trump, the main owner. Trump media now has a market valuation meaning on paper of

six point seven billion dollars. Marketplace's senior Washington correspondent

Kimberly Adams is here with context. Hey, hi David. That valuation fluctuates with the stock rice, but what do we know about what the pros call the fundamentals?

It depends on who you ask. Trump media is the parent company of Truth Social, which is obviously the preferred platform for the former President Trump,

...