Apple Down 5% After Q1 Earnings Beat, 51 Million iPhones Sold

Apple (NASDAQ: AAPL ) is down more than five percent after the company reported its first quarter results. The Cupertino, California-based tech giant sold 51 million iPhones and 26 million iPads during the quarter, and reported a Q1 EPS of $14.50 versus the Street estimate of $14.08. Earnings per share were