Today's Above Avalon stories:

Apple Experimenting With iPhone and Apple Watch Bundling
Apple's Remarkable R&D Growth

We kick things off today by discussing recent news of Apple discounting the Apple Watch in a very few Apple Retail stores. As expected, there are many conspiracy theories as to what this may mean, but we will break it down and look at the most likely reasoning behind the promotion. We then shift over to a major takeaway from Apple's recent earnings report: R&D. We discuss why Apple's R&D trends seem to differ from other large cap tech and what it may mean for the Apple pipeline.

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