Apple shares climbed in pre-market trading after the iPhone maker reported fiscal second-quarter earnings that topped estimates and announced an expanded stock buyback programme. The tech company reported revenue of $90.75bn ($72.22bn) in the first three months of 2024, down 4% from the year before but slightly ahead of consensus estimates for $90.3bn. Sales of its flagship iPhone were down 10% from the year before to $46bn, compared with $51.3bn the previous year, and sales in China fell to $16.3bn for the quarter, against $17.8bn a year ago. Apple reported net income of $23.64bn, or $1.53 per share, down 2% from $24.16bn, or $1.52 per share, in the year-earlier period. Read more: FTSE 100 LIVE: London near all-time high as Asia stocks surge CEO Tim Cook attempted to reassure investors about the state of the business in the world's second largest economy, noting that iPhone sales were actually up in mainland China. "I maintain a great view of China in the long term," he said. The company also announced another $110bn in share buybacks and raised its quarterly dividend by 4%. Coinbase reported better-than-expected revenue in its first-quarter earnings report, helped by an uptick in cryptocurrency trading following the launch...