Today's Above Avalon daily update includes the following topics:
Apple Capex (Continued)
Apple's Free Cash Flow Advantage
Revisiting Apple's Wall Street Narrative
We begin today’s update with additional comments on the latest Above Avalon article, “Apple's Declining Capex” In particular, we look at what declining capex tell us about Apple’s business model. The discussion then turns to how Apple has a built-in advantage versus peers when it comes to free cash flow generation. The email concludes with my thoughts on AAPL valuation and why I don’t think AAPL shares are being guided by a new narrative involving Apple Services.
This daily update is available for Above Avalon members. To continue reading, click here.
Become an Above Avalon member to read today's email and receive future daily updates. You can use the payment forms/links below to sign up ($20/month or $200/year). For more information on memberships, click here.