Today's Above Avalon stories:

Fitbit Earnings
Apple's Debt Bonanza
Apple Holding the Line Against Tidal

We kick off today's update with a deep dive into Fitbit's 2Q16 earnings. There were a number of interesting comments and items related to the wrist wearables space and health/fitness. We also compare Apple Watch unit sales and revenue to Fitbit unit sales and revenue over the past year. The email then turns to Apple's most recent debt issuance. I share some perspective on Apple's rising debt level and how it relates to Apple's overall risk level. We conclude by circling back to the Apple/Tidal acquisition rumors from last month. Kanye West confirmed many of my initial assumptions about Tidal. We go over where I think the Apple/Tidal talks currently stand and what I suspect to be the major sticking point.

These stories are available for Above Avalon members. To continue reading, click here.

Become an Above Avalon member to read today's stories and receive future stories in a daily email containing 2-3 stories (10-12 stories/week). You can use the payment forms/links below to sign up ($20/month or $200/year). For more information on membership, click here.

$20/Month

$200/Year