Today's Daily Update is focused on reviewing Apple's 2Q16 earnings. Along with a big picture overall of the quarter and management's outlook, the email covers four major themes from the report and conference call:

Apple's 2Q16: Pretty Brutal
Walking Back the Services Narrative
Increasing iPhone Doubt
iPad's Ongoing Implosion
Apple Watch Sales Miss
A Few More Things...

Tomorrow's Daily Update will include additional thoughts and observations on Apple's tough quarter.

The full earnings review is available for Above Avalon members. To continue reading, click here.

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