Today's Above Avalon email includes the following stories:

Apple 2Q17 Earnings Preview (Part 5 - 3Q17 Guidance, Capital Management Changes)
Apple Slashes App Store Affiliate Commissions

We kick off today's email with the final two sections of my Apple 2Q17 earnings preview. (The first four sections are available here and here.) We go over my thoughts on Apple's 3Q17 guidance and upcoming changes to Apple's dividend and share buyback programs. The email then turns to Apple slashing App Store affiliate commissions. After going over the affiliate link business, we discuss the three schools of thoughts as to why Apple slashed affiliate commissions with no warning. The discussion concludes with my thoughts on the most likely reason Apple made the change.

These stories and the full earnings preview are available for Above Avalon members. To continue reading, click here.

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