Apple shares jump nearly 5% after earnings adding 200 billion market value fueled by iPhone sales

A buyback and dividend hike turbocharged the rally

Apple shares surged nearly 5% after strong earnings, adding about $200 billion in market value as record iPhone sales and solid services revenue drove investor optimism. The company also announced a $100 billion share buyback and increased its dividend, supporting a push toward fresh highs and lifting sentiment across the market.