Apple's Decline in iPhone Sales and Future Plans

Apple reports a 10% drop in year-over-year iPhone sales for the January-March period, resulting in a 4% decrease in revenue. Despite the decline, Apple's profit slightly exceeded analyst projections. The company plans to increase its quarterly dividend and buy back $110 billion in stock. Apple's shares rose 7% in extended trading. The company is expected to unveil more AI services in June to differentiate itself in the industry.