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

Initial Thoughts on Apple’s 1Q24 Results
Apple’s 1Q24: By the Numbers
Parsing Apple’s 2Q24 Guidance

Apple’s 1Q24 earnings call was jam-packed with information. Unlike the average earnings call from Big Tech, Apple’s calls contain useful commentary and tidbits. More time will be needed to go through the disclosures, including the installed base information.

For today, we will look at the big picture from earnings, how the reported figures compared to my estimates, and Apple’s 2Q24 guidance.

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