Apple Park and Steve Jobs Theater, Fitbit Is in Denial, Garmin 4Q16 Earnings

Today's Above Avalon email includes the following stories: 

  • Apple Park and Steve Jobs Theater
  • Fitbit Is in Denial
  • Garmin 4Q16 Earnings

We begin today's email by taking a closer look at Apple's announcement regarding Apple Park (formerly known as Apple Campus 2) and Steve Jobs Theater. There are a few items that stood out to me regarding Apple Park and the theater. The email then takes a deep dive into Fitbit's earnings conference call last evening. The company is in complete denial when it comes to the wearables market. We go over the major takeaways from the call. The discussion then turns to Garmin's 4Q16 earnings. Garmin is one of three legitimate companies in the smartwatch industry. Management had a number of interesting observations regarding the changing wrist wearables market. 

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