Today's Above Avalon daily update includes the following topics:
A Cheaper Apple Stock Buyback
Apple Supplier Cirrus Logic Issues Revenue Warning
Interest in AirPods Exploding Higher
We jump into today’s update with additional comments on the latest Above Avalon article, “Leveraging Apple's Share Buyback.” In particular, we take a deeper look at the numbers and Apple’s overall philosophy when it comes to buyback. The discussion then turns to Cirrus Logic, an Apple supplier, issuing a revenue warning on smartphone weakness. We go over what the news says, and doesn’t say, about iPhone demand. The email concludes with AirPods and how customer interest in the product is exploding higher. We go over the data, including what I think is behind the surge in interest versus last year. We also discuss my AirPods sales estimates.
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