U.S. Tax Bill and AAPL Valuation, China Smartphone Players Cut Orders, Adidas Exits Wrist Wearables

Today's Above Avalon email includes the following stories: 

  • U.S. Tax Bill and AAPL Valuation
  • China Smartphone Players Cut Orders
  • Adidas Exits Wrist Wearables

We kick off today's email with my thoughts regarding how the U.S. tax bill being signed into law may impact AAPL's valuation. The discussion then turns to a new report indicating China smartphone manufacturers are cutting orders due to weakening demand. The email concludes with Adidas getting out of the wrist wearables market. We look at the news from Apple's perspective. 

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