1. Whew

    Apple Earnings Beat Analyst Expectations

    FILE - In this Oct. 20, 2012 photo, Chinese people line up to enter a newly-opened Apple Store in Wangfujing shopping district in Beijing. A Chinese court has ordered Apple Inc. to pay 1.03 million yuan ($165,000) to eight Chinese writers and two companies who say unlicensed copies of their work were distributed through Apple's online store. The Beijing No. 2 Intermediate People's Court ruled Thursday, Dec. 27, 2012 that Apple violated the writers' copyrights by allowing applications containing their work to be distributed through its App Store, according to an official who answered the phone at the court and said he was the judge in the case. (AP Photo/Andy Wong, File)

    Andy Wong

    That wasn't so bad. Apple announced earnings of $9.5 billion last quarter, and $43.6 billion in sales. That exceeds the expectations of most analysts, who had been viewing the report with some trepidation. Despite increased competition from Samsung and HTC, iPhone sales went up 6.7 percent and iPad sales went up 26.7 percent. The company also announced that it would be raising its dividend by 15 percent. But there could be trouble on the horizon: Apple expects revenue for the third quarter to be around $33.5 billion, which would make it the first decline since 2003.

    Read it at The Wall Street Journal