Today's Above Avalon email includes the following stories:

Apple Watch Interest Hits Inflection Point
Apple Developing Power Management Chips
Smartphone Consolidation in China

We kick off today's email with a closer look at an interesting observation I came across in wrist wearables land. Consumer interest in Apple Watch hit an inflection point in recent weeks. We discuss the topic in greater detail. Our focus then turns to news of Apple developing its own power management chips. The discussion concludes with my thoughts on one of the more noteworthy developments unfolding in China's smartphone market: massive consolidation. Five brands now make up more than 90% of smartphone sales in China.

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