Apple has just reported its financial results for the the January to March quarter and it’s pretty pleased with them. The headline number is iPhone sales, which rose to 43.7m, an increase of 17% on last year. While Wall Street analysts had expected a jump following the deal with China Mobile, actual sales were ahead of expectations. Overall, Apple made $10.2bn, up from $9.5bn last year.
Apple also announced that it was putting another $30bn into its stock buyback program, and would increase its dividend by 8%, meaning shareholders will get $3.29 per share. Despite having previously been cool on the idea, Apple also announced a stock split, at a ratio of 7 to 1, which will be effective later this year.