Apple: Q1 earnings

Summary of Apple's earnings for its first quarter.

Revenue: $57.6 billion vs $57.48 billion expected

Net Income: $13.07 billion

Earnings per share: $14.50 vs $14.07 expected

Since guidance for Q2 falls short of expectations, with earnings of $42-44 billion against prior estimates of $46.1 billion, Apple stock fell 4% immediately after results were released.

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