Apple’s first quarter revenue beats Wall Street expectationsthedigitalchaps

Apple’s shares fell during after-hours trading even after the company’s earnings beat Wall Street’s expectations.

Revenues in the first quarter hit $119.6 billion, about $2 billion more than forecasted by analysts surveyed by FactSet. Earnings per share reached $2.18, more than the $2.10 predicted.

But even with its bright report, shares fell 2% to $183.25 — lower than the stock’s high of nearly $196 in the week following the release of its pricey mixed-reality headsets, Apple Vision Pro, on Jan. 17.

Concerns have loomed that demand for Vision Pro headsets and the iPhone 15 won’t hold.

This is a developing story. Please check back for updates.