Maybe so, but iPhone sales are declining and this will not help Apple long-term.
https://www.theguardian.com/technology/2019/apr/30/apple-iphone-sales-first-quarter-earnings
"Apple’s
iPhone sales fell 17% in the first three months of the year as the company’s flagship product continued to struggle.
"The tech company reported revenues of $31.05bn in iPhone revenues for the quarter, the majority of the $58.bn in revenues
Apple brought in over the three months.
"The news was less gloomy than expected and Apple’s shares spiked 5% in after-hours trading as Apple announced it was buying back another $75bn of its shares.
"The company made a profit of $11.6bn – ahead of expectations.
But this quarter marked another quarterly decline in profit and revenue as the company struggled to move beyond the iPhone."
https://techcrunch.com/2019/05/01/iphone-hard-hit-as-global-smartphone-shipments-continue-nosedive/
From 15.5% global smartphone marketshare in Q1 2018 to 12.8% in Q1 2019. 12,000,000 fewer iPhones shipped.