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The 9 most important things we learned from Apple’s record-crushing quarterly report

Published Jan 28th, 2015 9:30AM EST
Apple Q1 Earnings

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Apple reported results from its fiscal first quarter on Tuesday night and in case you somehow missed it, they were incredible. As we noted in our coverage immediately following the report, Apple’s December quarter was the most profitable quarter any company has ever posted. What’s even more incredible, perhaps, is that its feat is thanks largely to just two devices — the iPhone 6 and iPhone 6 Plus — as pent-up demand for larger iPhones sent sales soaring.

People are still digging through Apple’s filings for interesting tidbits, but all of the major takeaways from Apple’s fiscal first-quarter earnings are now out in the open.

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You’ll be reading about Apple’s historic Q1 for quite some time to come, but The Guardian has done a good job of digging through everything and rounding up the nine most important things we learned from Apple’s results on Tuesday night.

First and foremost, the Apple Watch will launch in April. Nothing is more important than that. The Apple Watch marks Apple’s first foray into a new product category since the original iPad was released in 2010, and Apple’s ability to deliver here is hugely important.

Since rumors of a March release for the Apple Watch had been swirling, CEO Tim Cook used Apple’s earnings call as an opportunity to put them to bed. “Development for Apple Watch is right on schedule and we expect to begin shipping in April,” he said.

The second key takeaway is that Apple has now shipped more than 1 billion iOS devices. “On November 22nd we shipped our one billionth iOS device,” Cook said on the call. “One billion devices is an almost unfathomable milestone, and we are all incredibly proud to be part of it.”

Also important are the facts that the iPhone 6 and iPhone 6 Plus are pulling business away from Android, and that Apple is still seeing iPad sales slow, as it was last quarter.

What other important things did we learn last night? Follow the link below in our source section for The Guardian’s full list.

Zach Epstein
Zach Epstein Executive Editor

Zach Epstein has been the Executive Editor at BGR for more than 10 years. He manages BGR’s editorial team and ensures that best practices are adhered to. He also oversees the Ecommerce team and directs the daily flow of all content. Zach first joined BGR in 2007 as a Staff Writer covering business, technology, and entertainment.

His work has been quoted by countless top news organizations, and he was recently named one of the world's top 10 “power mobile influencers” by Forbes. Prior to BGR, Zach worked as an executive in marketing and business development with two private telcos.