Panicking investors are missing a crucial Apple metric

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There's still a lot of money left in iOS devices.
There's still a lot of money left in iOS devices.
Photo: Ste Smith/Cult of Mac

Apple soothsayers have been predicting doom and gloom for the iPhone-maker ever since Tim Cook dropped the company’s Q1 2016 earnings. iPhone sales are projected to decline. The iPad is still struggling. And even the Mac is taking a drop.

This is the end for Apple according to some Wall Street crazies, but they’re missing a key metric in Apple’s earnings report that shows the company still has a lot of growing to do thanks to it’s huge install base.

Liveblog: Apple’s make-or-break earnings call

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Life at Apple is great for Tim Cook.
Life at Apple is great for Tim Cook.
Photo: Jim Merithew/Cult of Mac

The stakes couldn’t be higher today for Apple’s first earnings report of 2016.

Depending on how well Apple’s holiday season went, the company could set new records for the most profits in a quarter by any company ever as well as total number of iPhones sold in any quarter.

Apple racks up largest quarterly profit in history

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Apple's back on top again.
Apple's back on top again.
Photo: Apple

Apple’s earnings for Q1 2016 have broken the world record for the most profit made by a company in one quarter.

With total revenue hitting $75.9 billion, Apple managed to rake in a record $18.48 billion in profit. The company managed to increase iPhone sales to 74.8 million despite predictions from Wall Street that the company would see decline. However, Apple did warn investors in its guidance that next quarter may be the the first time growth drops.

Despite missing on some numbers, Tim Cook praise Apple’s team calling Q1 2016 “Apple’s biggest quarter ever.”

iPhones, iPads and Mac, oh my! Apple’s next big earnings call will be January 26

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On January 26, we find out how many millions of iPhones Apple sold over Christmas.
On January 26, we find out how many millions of iPhones Apple sold over Christmas.
Photo: Apple

Mark your calendars. Apple is set to announce its Q1 2016 earnings January 26.

Apple confirmed today via its Investor Relations portal that it will be releasing financial results for the first fiscal quarter of 2016 (re: September through December 2015) at 2 p.m. Pacific on January 26.

$1.7 billion of Apple’s revenue last quarter came from Apple Watch

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Apple Watch is a super accurate timekeeper.
The Apple Watch isn't a bad little earner for Cupertino.
Photo: Jim Merithew/Cult of Mac

When it comes to revealing Apple Watch sales figures, Apple has kept its lips more tightly sealed than a swimmer in a sewage tank.

One of the ways it’s done this is hiding the Apple Watch numbers under the “other products” category in its SEC filings — alongside the iPod, Apple TV, Beats Electronics, and assorted accessories.

That doesn’t mean we can’t gauge something from looking at Apple’s new U.S. Securities and Exchange Commission documents, though. And despite keeping hush-hush about it, it seems the Apple Watch isn’t doing too badly for Apple at all.