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Apple misses on profit and revenue, plans to raise dividend, return $50B more to shareholders

Apple reported quarterly earnings and revenue that missed analysts' expectations on Tuesday.

The tech giant said it saw fiscal second-quarter earnings of $1.90 per share on $50.56 billion in revenue. Wall Street expected Apple to report earnings of about $2 a share on $51.97 billion in revenue, according to a consensus estimate from Thomson Reuters.

That revenue figure was a roughly 13 percent change against the comparable year-ago period — representing the first year-over-year quarterly sales drop since 2003.

Importantly, the company announced a 10 percent dividend increase and a $50 billion increase...