Today's Above Avalon daily update includes the following stories:
Notes from Apple’s 3Q19 10-Q
U.S. to Impose New Chinese Tariffs
Estimating Potential Tariffs Impact on Apple
We kick off today’s email with my key takeaways from Apple's 10-Q filing for 3Q19. We cover nine financial topics. The update then turns to tariffs. We go over my thoughts on the newest 10% tariffs that will cover $300B of Chinese goods including Apple products. The email includes the key assumptions that have to be made when assessing the financial impact tariffs have on Apple. We then go over my estimate for worst case scenarios on Apple financials when it comes to the newest tariffs.
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