Growing iPhone Optimism on Wall Street, Apple Raises More Debt for Buyback, Apple's Project McQueen

Today's Above Avalon stories: 

  • Growing iPhone Optimism on Wall Street
  • Apple Raises More Debt for Buyback
  • Apple's Project McQueen

Today's email has a finance theme. We kick off today's email by discussing a few recent iPhone developments on Wall Street and why it seems like iPhone optimism is on the rise. We then shift over to Apple raising another $3.5 billion of debt to fund its share buyback program. My confidence in my FY2016 buyback estimates (included in the email) is rising. We conclude by discussing Project McQueen, Apple's rumored plan to control its destiny by owning cloud infrastructure. 

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