Apple Q1 Earnings Beat Estimates As The Company Snaps 4-Quarter Revenue Decline Streak; Stock Slides On China Weakness

Apple Q1 Earnings Beat Estimates As The Company Snaps 4-Quarter Revenue Decline Streak; Stock Slides On China Weakness

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.


User: Benzinga

Views: 41

Uploaded: 2024-02-02

Duration: 13:03

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