Apple's New Wall Street Narrative, Amazon Discloses Number of Prime Members, Subscription Mania Has Arrived 

Today's Above Avalon daily update includes the following topics: 

  • Apple's New Wall Street Narrative
  • Amazon Discloses Number of Prime Members
  • Subscription Mania Has Arrived

Today's email kicks off with additional comments on Apple finding a narrative on Wall Street. In particular, we look at my theory regarding how a capital allocation narrative does a better job of describing Apple's culture than a story based around Apple Services or the Apple ecosystem. The discussion then turns to Jeff Bezos disclosing the number of Amazon Prime members. We go over why I think Bezos decided now was the right time for disclosure. The email concludes with my thoughts on the subscription mania that has engulfed the tech and media space. 

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