# Apple on Thursday touted blowout demand for its flagship iPhone 17 and the MacBook Neo.

*business · news · 2026-04-30 · The Economic Times*

## Key points

- Apple announced a new $100 billion share buyback to reassure investors during its leadership transition.
- Apple's MacBook Neo helped boost Mac sales to $8.4 billion, surpassing analyst estimates.
- Apple expects significantly higher memory chip costs starting in the quarter ending in June.
- Apple's research and development spending rose 33.5% to $11.42 billion in the fiscal second quarter.
- Apple is seeking refunds for Trump-era tariffs and will reinvest them into U.S. manufacturing.

**Companies:** Apple, TSMC
**Countries:** United States, China, Taiwan

[Read the full story on The Economic Times](https://economictimes.indiatimes.com/news/international/us/apple-stocks-jump-big-iphone-makers-predict-blockbuster-sales-forecast-as-macbook-neo-dominates/articleshow/130659904.cms)

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