Today's Above Avalon daily update includes the following topics:
New Apple Financial Estimates
Thoughts on AAPL Valuation
Legacy Watchmakers Still Dragging Feet
In today’s update, we will go over my revised Apple financial estimates for FY2019. I am also introducing my FY2020 estimates. Above Avalon members have access to my working Apple earnings model. The discussion then turns to AAPL valuation. Given the past few weeks of market volatility, there have been some noteworthy updates on the valuation front. We conclude with a look at the latest efforts from legacy watchmakers to compete with Apple Watch.
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