Today's Above Avalon email includes the following stories:

iPhone Sales Trends in January
Spotify and Labels Near Deal
Chance the Rapper Talks Apple Deal

We kick off today's email with a closer look at iPhone sales trends in January. The discussion is focused on three regions: U.S., China, and Europe. The email then shifts to music streaming and news of Spotify and the major music labels nearing a licensing deal. We go over the good and bad news for Spotify. We also discuss potential implications from the deal on the broader music industry and Apple Music. The email concludes with my thoughts on Chance the Rapper's Apple Music deal. The musician disclosed details about his arrangement with Apple. While the focus is on Chance, there are implications that transcend music streaming and relate to Apple's overall approach to content.

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