Today's Above Avalon stories:

Abysmal Cable Network Viewership Trends
Sprint Is Betting the Company on iPhone
A Closer Look at iPad Financials

We begin today's email by taking a look at cable network viewership trends from July. The dismal results are giving me more doubt that this idea of a slimmed down cable bundle will be as successful as once thought. We then switch over to the continued upheaval in the U.S. wireless industry, with Sprint announcing a significant new iPhone deal that is yet another sign of iPhone's true power. We conclude with a closer look at and some perspective about iPad financials (revenue, unit sales, margins, EPS).

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