Apple Q1 Earnings Beat Estimates As Cupertino Snaps 4-Quarter Revenue Decline Streak; Stock Slides On China Weakness (UPDATED)

Published by
Benzinga

Editor’s note: This story has been updated with additional details from Apple’s first-quarter report. Apple, Inc. (NASDAQ:AAPL) reported first-quarter earnings and revenue Thursday that increased year-over-year and beat Street expectations. With this, the company managed to break its four-quarter-long streak of declining revenue. The strong performance came on the back of Services revenue rising to an all-time record. The stock slid in after-hours trading, apparently in reaction to a revenue decline in China. Apple’s Key Q1 Numbers: Cupertino, California-based Apple reported first-quarter earn…

Read More

See also  A boy missing for more than two years found in the closet of a child pornography suspect

Leave a Reply