Today's Above Avalon stories:

FY2016 and FY2017 AAPL Estimates (Mac and Apple Watch unit sales, Revenue, EPS)
AAPL's Current Valuation
Takeaways from AAPL's 2Q16 10-Q

We begin today's email by going over my Mac and Apple Watch unit sales, overall revenue, and EPS projections for FY2016 and FY2017. Last Thursday's email went over my iPhone and iPad projections. The email then turns to AAPL valuation metrics and my thoughts on what type of iPhone unit sales growth is reflected in Apple's share price. We conclude with key takeaways from Apple's 2Q16 10-Q filed late last week.

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