IPhone sales dropped in the first three months of 2017

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It is likely that Apple and its investors will be hoping that Apple bucks this downward trend.

On a positive note, Apple boosted its share buyback program to $210 billion, up from $175 billion, and lifted its quarterly dividend payout by 10% to $0.63 per share. Insiders sold 382,952 shares of company stock worth $50,943,691 in the last quarter. That's fantastic for a company of Apple's size, but not the impossible-to-believe growth machine of past years.

Of course, the iPhone 7 caused great controversy upon its announcement after Apple chose not to include the industry-standard 3.5mm headphone jack on the device, but the device seems nearly overlooked as investors are already gearing up for the 10 anniversary iPhone 8. First Trust Advisors LP now owns 1,347,136 shares of the iPhone maker's stock worth $193,530,000 after buying an additional 83,349 shares in the last quarter. Some of that move was made in a big following-day earnings pop, but shares have gradually climbed higher even after that near-term pop. Since Feb. 1, AAPL stock is up about 13.5%. Shares were a couple of dollars lower in the after-hours session after revenues came in just short of Street estimates, while the company handily beat on the bottom line.

Apple has published the following goals for the third fiscal quarter of 2017 below.

He said that on what he called a "sell through" basis that captures final sales to consumers, total sales were 52 million - around the level analysts were expecting for the quarter - because channel inventory was reduced by 1.2 million units.

Apple's second quarter earnings results are in, and the company reported iPhone sales of about 50.8 million units for a revenue figure of $33.2 billion.

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Apple has more than $230bn offshore alone. About 500 million to 600 million iPhones are out there in the world, according to Mizuho estimates. For the main rear-facing camera, the company is reportedly testing versions of the iPhone for better photographs by positioning the dual-camera system vertically instead of horizontally on that of iPhone 7 Plus. The iPhone has run out of growth, and it's not clear that driverless cars, streaming videos or anything else can fully pick up the slack.

Apple's massive cash hoard could become a major windfall for the company under the new presidential administration, which campaigned to cut taxes on the repatriation of cash held overseas. The total value of the company, as of Monday's close, stood at a mind-boggling $770bn and analysts are looking forward to the day it goes through a trillion dollars.

That is more than fine.

Analysts' and investors' main focus for Apple's future is the next iPhone, which promises to have a new kind of screen and sophisticated "augmented reality" camera system.

This column does not necessarily reflect the opinion of Bloomberg LP and its owners.