Today's Above Avalon stories:
- Xiaomi Hits a Wall in China
- Spotify's 2015 Financials
- Uber Begins Testing Self-Driving Cars
We begin today's email by taking a closer look at Xiaomi's growing list of troubles. After covering the company's overall revenue, smartphone unit sales, and services revenue shortfalls in 2015, we take a step back to see a few broader implications on the Chinese smartphone market. The email then turns to Spotify and the company's latest financials. We break down the numbers to reach a few observations on the company and music streaming in general. We conclude with Uber beginning to test its self-driving cars. This is a pretty big event in the automobile world.
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