Apple ($AAPL@US) beat Wall Street's expectations in the second fiscal quarter earnings, driven by strong iPhone sales, which grew by 2 percent. Earnings per share were $1.52 versus the $1.43 expected, and revenue: $94.84 billion versus the $92.96 billion expected. Overall revenue fell for the second quarter in a row. Mac revenue fell by over 31 percent to $7.17 billion, and iPad revenue declined by nearly 13 percent to $6.67 billion. Apple CEO Tim Cook expressed optimism about the company's prospects in India and noted that mass layoffs were not being planned. The tech giant’s shares rose nearly 2% in extended trading.
