Today's Above Avalon email includes the following stories:

iPhone Sales Share Bottoming in China
PayPal Downplays Apple Pay Cash Threat
Apple Working on Medical Data Depository

We kick off today's email by discussing the latest Kantar data regarding iPhone sales share. There are signs of iPhone sales share bottoming in China. We go over my thoughts on the numbers. The email then turns to recent comments from PayPal CEO Dan Schulman downplaying Apple Pay Cash as an upcoming headache for Venmo. We go over why Schulman is in a tough position and the primary reason Apple Pay Cash is an issue for Venmo. The discussion concludes by going over CNBC's latest report about Apple researching a new type of medical data depository for iPhone.

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