Apple’s quarterly earnings are in and it’s a huge result for iPhone.
This period is always a relatively strong quarter for the company. Q1 2015 holds for most iPhones sold at 74.5 million sold in a single quarter.
Apple CEO, Tim Cook, said that “we’re seeing a higher rate of people switching to iPhone than we’ve experienced in previous cycles”
Apple also made more money last quarter in China than Europe for the first time ever, with $160 million coming in from the region versus $120 million in Europe. That’s an increase of 71 percent over the same quarter in 2014.
If there’s one thing that’s most striking from these results, it’s that iPad continues to shrink. Even with two new models hitting shelves late last year — iPad Air 2 and iPad Mini 3 — sales still shrank year-on-year.
That said, iPad has a longer upgrade cycle and many people simply don’t replace their device as often as they do with an iPhone.
The company didn’t break out Watch sales yet, since the device only went on sale for the first time a matter of days ago.