Netflix Testing Ways to Bypass iTunes Billing, Impact on Apple Services Revenue, Tesla to Remain Public

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

  • Netflix Testing Ways to Bypass iTunes Billing
  • Impact on Apple Services Revenue
  • Tesla to Remain Public

We begin today's email with my thoughts on Netflix looking to bypass in-app purchases on iOS and iTunes billing. The discussion includes stress test scenarios to gauge the potential impact Netflix would have on Apple revenue by bypassing iTunes billing. We conclude with Elon Musk deciding Tesla is better off as a public company.  

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