Today's Above Avalon stories:

Measuring iPhone Growth Potential in China
Notes and Observations from Apple's 2015 10-K

We kick things off by looking at Apple's growth potential in China. One recurring theme found in Apple's earnings calls has been the growing middle and upper class in China. We take a look at the latest 2G, 3G, and 4G customer trends to see how far along the curve we are in terms of growth potential. We conclude by taking these observations and applying them to iPhone sales estimates in China. Next, we discuss Apple's recent 10-K filed last week, including a few observations about some of the more granular Apple financial trends.

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