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

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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…

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