Today's Above Avalon stories:
- Fitbit Prices IPO Above Expectations
- Cablevision CEO Sees Cable Bundle Dying
- How to Discover Apple Watch Sales
Fitbit priced its IPO last night well above its initial range, valuing the company at $4.1 billion. We will go over the valuation, explain what's next for Fitbit, and look at how we can get Apple-related clues from them once they are a public company. Next, we will discuss Cablevision CEO's comments about the cable bundle starting to crumble and what the next phase of TV transformation may look like. We conclude by going over the math behind how one can obtain a pretty good estimate of Apple Watch sales estimates when Apple reports earnings each quarter.
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