Gelonghui May 3| Apple (AAPLslammer39500.US) Jump open higherslammer39500, rose 8% at the beginning of the session to $187, and its share price hit a new high since February 12. Apple's fiscal second-quarter revenue was better than expected, announced its largest ever $110 billion stock repurchase program, and increased its dividend by 4% to 25 cents per share. The company said it is studying artificial intelligence and sees it as an important source of opportunity. Apple announced its fiscal second-quarter results after the close of trading on Thursday. Net profit recorded US$23.64 billion, down 2% year-on-year. Earned US$1.53 per share, which was higher than the market estimate of US$1.5. The dividend per share was 25 US cents, an increase of 1 US cent; Sales revenue fell 4% year-on-year to US$90.75 billion, higher than analysts 'expectations of US$90.33 billion.
