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Apple handily beat Wall Street’s expectations for both EPS and revenue in its first-quarter earnings report released Monday, but that still wasn’t enough to stave off investor panic as the company’s shares were trading down by more than 7% on Tuesday morning. There are two obvious reasons for the latest round of Apple-related panic: The company’s 51 million iPhone sales in Q1 were below expectations and its second-quarter guidance was similarly below what the Street had been expecting. These two developments have also predictably led to assorted financial analysts firing off angst-ridden notes outlining what Apple “needs” to do in the coming quarters. AppleInsider has done a nice job of collecting analysts’ reactions to Apple’s Q1 earnings report, highlighted by