Apple iPhone 6 and 6 Plus-1

Apple will report its fiscal Q1 2015 earnings, which represent sales for the fourth calendar quarter of 2014, on Tuesday, Jan 27. That's when we'll learn how many products Apple sold during the quarter, including details on unit sales for the iPhone 6 and iPhone 6 Plus (likely combined), in addition to the number of units of Macs and iPads sold. An early estimate from one analyst suggests Apple will have a record breaking quarter.

A note from Morgan Stanley analyst Katy Huberty obtained by MacRumors shows that Huberty and her team expect Apple to announce as many as 69 million iPhone units sold during the quarter. That would be an 18 million unit bump from the 51 million iPhones Apple sold during the same quarter last year, a new record for iPhone sales, and shows that perhaps Apple's decision to go with larger displays was a wise one.

Huberty also expects Apple to report record smashing Mac sales but another decline in iPad sales. Huberty said she expects Apple to sell 22 million iPad units, down 4 million units from the year-ago quarter and, moving forward, that Apple will sell 3 million Apple Watch units during the first quarter it's on the market.

The boost likely comes due to Apple's decision to drastically change the form factor of its iPhones to meet demand for iPhone owners who were otherwise attracted to phablets offered by competing operating systems. The holiday quarter is also always a busy one for sales, but this sort of jump shows more than just consumers clamoring for iPhones, and rather that they appreciate the changes Apple made with its new devices.