Today's Above Avalon stories:

Nike's Strength in China Bodes Well for Apple
Pebble's Strategy Against Apple Watch
iPhone 6s Launch Observations

We begin today's email by going over Nike's earnings report from late last week. The company reported strong results including strength in Greater China, which serves as the second bit of evidence that we have suggesting fears about Apple's performance in the country may be overblown. Next, we take a look at Pebble's strategy to compete against Apple Watch. There are a number of holes in the company's plan. We conclude with some observations from the iPhone 6s launch this past Friday, including additional thoughts on the iPhone Upgrade Program.

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