Apple's Growing Finance Arm, More Smoke for New iPhone SE, Apple Acquires Vrvana

Today's Above Avalon email includes the following stories: 

  • Apple's Growing Finance Arm
  • More Smoke for New iPhone SE
  • Apple Acquires Vrvana

We begin today's email with The Economist raising a number of concerns about Apple's growing finance arm (debt issuance, investment portfolio, hedging activity). The email then turns to another report indicating a new iPhone SE is the pipeline. We go over my thoughts on the prospects of a refreshed iPhone SE. Our discussion concludes with news of Apple's latest acquisition. We go over Vrvana and why Apple is interested in an AR/VR headset company.  

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