Apple Earnings Beat Analyst Expectations

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.