Today's Above Avalon daily update includes the first half of my Apple 2Q19 earnings review. We discuss the major themes from Apple's earnings report and conference call.

The 2,300-word email includes the following sections:

Overall Takeaway
2Q19: By the Numbers
iPhone Revenue Decline Has Bottomed
It’s All About Wearables
What Happened to the Dividend Increase?
A Few Yellow Flags Appear
Record Share Buyback

(The second half of my earnings review focused on my full notes and the granular takeaways is available here.)

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