Apple beat Q1 expectations on a big iPhone quarter and a Greater China upside surprise, while services held steady and cash flow stayed strong. Greater China surprised to the upside versus expectations, a key swing factor for sentiment. EPS came in at $2.84 versus $2.68 expected, while revenue printed at $143.76 billion versus $138.40 billion expected. iPhone revenue reached $85.27 billion, well above the $78.31 billion estimate, lifting total products revenue to $113.74 billion (also ahead). iPad revenue beat estimates ($8.60 billion vs $8.18 billion), while Mac revenue missed ($8.39 billion vs $9.13 billion).