Apple handily beat Wall Street’s expectations for both EPS and revenue in its first-quarter earnings report released Monday, but that still wasn’t enough to stave off investor panic as the ... more 
Apple handily beat Wall Street’s expectations for both EPS and revenue in its first-quarter earnings report released Monday, but that still wasn’t enough to stave off investor panic as the company’s shares were trading down by more than 7% on Tuesday morning. There are two obvious reasons for the latest round of Apple -related panic: The company’s 51 million iPhone sales in Q1 were below expectations and its second-quarter guidance was similarly below what the Street had been expecting. These two developments have also predictably led to assorted financial analysts firing off angst-ridden notes outlining what Apple “needs” to do in the coming quarters. less 
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Wochit
Tue, Jan 28, 2014 6:33 PM EST