Apple Weekly News Roundup: Stock to Split, iOS 7.1.1 Released and More
Submitted by Jon Reed on
Clearly the biggest news coming from Apple in this past week was the company's better-than-expected Q2 earnings report. Almost all numbers were up from the year ago quarter, beating both analysts' expectations and Apple's own Q2 guidance. Revenue, net profit and gross margin were all up, thanks to 43.7 million iPhone sales, compared to 37.4 million sales in Q2 FY 2013. The iPad disappointed, selling only 16.35 million units, down 16 percent from a year ago.

Apple also announced on Wednesday that its stock will be undergoing a seven for one stock split in early June. In addition to that, the Board of Directors increased the quarterly dividend by 8%. Apple already pays about $11 billion in dividends



