Apple rises as earnings and iPhone sales smash expectations

Apple reported revenue and profit significantly higher than what Wall Street analysts expected and spiked as much as 3% before settling down up around 1% in after-hours trading.

Apple’s revenue was up 9% to $91.8 billion, which beat its own guidance.

That’s a significant change from the same quarter last year when it had to revise its revenue guidance down mid-quarter based on weakness in …