Other news from Apple's revenue appeal in Q2 2018 include Apple Pay. The Apple Pay business is now present in 21 markets around the world and three new es are coming: Norway, Poland and Ukraine.
[ Apple Watch Business equates to a Fortune 300 business, up 50% ]
Apple Pay Business
Apple Pay is in the Services category, and Apple does not share specific sales numbers. But in the secd quarter of 2018, sales of services increased by 31%. Luca Maestri, chief financial officer of Apple, said:
Our business performed very well in the March quarter, with a 30% increase in earnings per share and an operatial cash flow generati of more than $ 15 billi. With the greater flexibility we now have in accessing our global cash, we can invest more effectively in our US operatis and work towards a more optimal capital structure. Given our cfidence in Apple's future, we are very pleased to announce that our Board has approved a new share buyback of $ 100 billi and an increase of 16% of our quarterly dividend.
In these markets, Apple Pay accounts for 90% of mobile ctactless payments.
[ All that Apple pay in cash, from installati to the sending of mey ]