Reading Between the Lines of Apple’s 2Q24 Earnings Q&A With Analysts
Today's Above Avalon Daily email covers the following topic:
Reading Between the Lines of Apple’s 2Q24 Earnings Q&A With Analysts
Instead of just recapping the question and answer exchanges that occurred on Apple’s 2Q24 earnings call, we will go over Neil’s thoughts / response to each exchange. This will allow Neil to go beyond what was talked about on the call.
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Key Takeaways From Apple’s 2Q24 Earnings
Today's Above Avalon Daily email covers the following topic:
Key Takeaways From Apple’s 2Q24 Earnings
Hello everyone. Welcome to a special Friday edition of the Above Avalon Daily. We will begin analyzing Apple’s 2Q24 earnings. There is a lot to unpack. The earnings review will take place across a few updates.
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My 2Q24 Apple Estimates, Expectations for Apple's 3Q24 Guidance, My Updated Apple Earnings Model
Today's Above Avalon Daily email covers the following topics:
My 2Q24 Apple Estimates
Expectations for Apple's 3Q24 Guidance
My Updated Apple Earnings Model
We go over the second half of my Apple earnings preview. The update covers my granular financial estimates for Apple’s 2Q24, my thoughts on what Apple will say about 3Q24, and my current Apple earnings model.
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Setting the Stage for Apple’s 2Q24 Earnings, Thoughts on Apple’s Stock Price Underperformance
Today's Above Avalon Daily email covers the following topics:
Setting the Stage for Apple’s 2Q24 Earnings
Thoughts on Apple’s Stock Price Underperformance
Happy last day of April. We will begin preparing for Apple earnings. Today’s discussion will look at the big picture ahead of Thursday’s earnings release. We will go over my granular estimates tomorrow.
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Alphabet 1Q24 Earnings, Pichai (Sort of) Hints at Apple / Gemini Rumors, Google Announces HW Reorganization
Today's Above Avalon Daily email covers the following topics:
Alphabet 1Q24 Earnings
Pichai (Sort Of) Hints at Apple / Gemini Rumors
Google Announces HW Reorganization
Today's update will look at Alphabet’s earnings.
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Exclusive Analysis. Receive my daily newsletter and reports containing analysis and perspective, 100% related to Apple.
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Meta 1Q24 Earnings, About Meta’s “AI-Recommendation” System, Meta’s HW Sales
Today's Above Avalon Daily email covers the following topics:
Meta 1Q24 Earnings
About Meta’s “AI-Recommendation” System
Meta’s HW Sales
Today's update will be dedicated to discussing Meta's earnings. We begin with my overall takeaways from the earnings release and conference call. The discussion then turns to focusing on Meta’s AI-recommendation system. We conclude with estimates to Meta’s HW sales (Quest and Ray-Ban Meta) during the quarter.
Above Avalon membership is required to read this update. Members can read the update here.
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Exclusive Analysis. Receive my daily newsletter and reports containing analysis and perspective, 100% related to Apple.
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Apple Announces May Product Event, Apple Vision Pro Sales Noise, A Few Suggestions for Apple
Today's Above Avalon Daily email covers the following topics:
Apple Announces May Product Event
Apple Vision Pro Sales Noise
A Few Suggestions for Apple
We will begin today’s update with some words on Apple’s upcoming product event. The discussion will then turn to Apple Vision Pro.
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Exclusive Analysis. Receive my daily newsletter and reports containing analysis and perspective, 100% related to Apple.
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Meta Unveils “Open” Mixed Reality Ecosystem, Zuckerberg’s Motivation, Getting Out Ahead of Android XR
Today's Above Avalon Daily email covers the following topics:
Meta Unveils “Open” Mixed Reality Ecosystem
Zuckerberg’s Motivation
Getting Out Ahead of Android XR
The news continues to flow. Today’s update will be focused on the big development from Meta in mixed reality land.
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Member Privileges and Benefits
Become an Above Avalon member and receive the following privileges and benefits:
Exclusive Analysis. Receive my daily newsletter and reports containing analysis and perspective, 100% related to Apple.
Earnings Model. Access my working Apple earnings model (an Excel file that also works in Numbers).
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Netflix 1Q24 Earnings, Netflix to Stop Disclosing Subscriber Data, Key Paid Video Streaming Metrics
Today's Above Avalon Daily email covers the following topics:
Netflix 1Q24 Earnings
Netflix to Stop Disclosing Subscriber Data
Key Paid Video Streaming Metrics
Welcome to a new week.
It’s hard to believe, but we are beginning another earnings season. Netflix reported earnings last week. Heading into this tech earnings cycle, there’s angst in the air. Many companies have seen very strong stock price performances to date – Apple and Tesla being the exceptions – while macro issues are once again grabbing headlines.
Let’s jump right in with Netflix earnings.
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Exclusive Analysis. Receive my daily newsletter and reports containing analysis and perspective, 100% related to Apple.
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Humane Ai Pin and Smartphone Replacements, The Limitless Pendant, Apple Watch Momentum
Today's Above Avalon Daily email covers the following topics:
Humane Ai Pin and Smartphone Replacements
The Limitless Pendant
Apple Watch Momentum
This was a crazy week in the world of consumer gadgets as the Humane Ai Pin reviews were released. Not surprisingly, they weren’t pretty. More worrying for Humane, the product simply didn’t work for reviewers. There are a few directions we can take the discussion. This week’s Inside Orchard essay will look at several broad observations that have been on my mind regarding the whole ordeal.
For today’s update, we will begin by focusing on the idea of Humane Ai Pin replacing smartphones. Let’s jump in.
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Member Privileges and Benefits
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Exclusive Analysis. Receive my daily newsletter and reports containing analysis and perspective, 100% related to Apple.
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Tim Cook Visits Vietnam for the First Time, Apple Open to Indonesia Manufacturing, Addressing U.S. Semiconductor Manufacturing Bottleneck
Today's Above Avalon Daily email covers the following topics:
Tim Cook Visits Vietnam for the First Time
Apple Open to Indonesia Manufacturing
Addressing U.S. Semiconductor Manufacturing Bottleneck
We kick things off with my thought’s on Tim Cook’s visit to Vietnam and Indonesia. The discussion includes various insights regarding Apple’s business in the two countries. We then turn back to semiconductor manufacture in the U.S.
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Member Privileges and Benefits
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Exclusive Analysis. Receive my daily newsletter and reports containing analysis and perspective, 100% related to Apple.
Earnings Model. Access my working Apple earnings model (an Excel file that also works in Numbers).
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iPhone Sales Angst Continues, Sales on Apple Products Spread, Tesla Announces 10% Layoff
Today's Above Avalon Daily email covers the following topics:
iPhone Sales Angst Continues
Sales on Apple Products Spread
Tesla Announces 10% Layoff
We kick things off with my thought’s on iPhone sales trends in the first three months of 2024. The discussion then turns to more retailers running with surprisingly large discounts on Apple products. We conclude with Tesla layoffs.
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Above Avalon Membership
Choose either a monthly or annual membership. Payment is hosted by MoonClerk and secured by Stripe. Apple Pay and other mobile payment options are accepted. After signup, use this link to update your payment information and membership status at any time. Contact me with any questions.
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Member Privileges and Benefits
Become an Above Avalon member and receive the following privileges and benefits:
Exclusive Analysis. Receive my daily newsletter and reports containing analysis and perspective, 100% related to Apple.
Earnings Model. Access my working Apple earnings model (an Excel file that also works in Numbers).
Member Archive. Access all previous analysis sent to members.
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Tesla Reportedly Cancels Inexpensive Car Project, Tesla’s Master Plan, Part Deux, Friday Q&A
Today's Above Avalon Daily email covers the following topics:
Tesla Reportedly Cancels Inexpensive Car Project
Tesla’s Master Plan, Part Deux
Friday Q&A
We kick things off with my thought’s on Reuters’ article regarding Tesla cancelling its Model 2 project. The discussion then revisits Elon Musk’s revised master plan for Tesla from the mid-2010s. The update concludes with a Friday Q&A and the following questions:
Were Project Titan’s cancellation and the in-house microLED displays team disbandment driven by cost-cutting motives as revenue stagnates?
Why can’t Apple build a battery-powered HomePod or HomePod mini for portable use cases?
Do you think it will take years for Apple Vision Pro to become a meaningful contribution to Apple’s revenue story?
Why didn’t Apple launch Apple Vision Pro with a larger catalog of Apple Immersive Video films?
Above Avalon membership is required to read this update. Members can read the update here.
Above Avalon Membership
Choose either a monthly or annual membership. Payment is hosted by MoonClerk and secured by Stripe. Apple Pay and other mobile payment options are accepted. After signup, use this link to update your payment information and membership status at any time. Contact me with any questions.
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Member Privileges and Benefits
Become an Above Avalon member and receive the following privileges and benefits:
Exclusive Analysis. Receive my daily newsletter and reports containing analysis and perspective, 100% related to Apple.
Earnings Model. Access my working Apple earnings model (an Excel file that also works in Numbers).
Member Archive. Access all previous analysis sent to members.
Member Forums. Interact with other members in the Above Avalon team in Slack.
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Revisiting iPhone Manufacturing In India, U.S. Announces TSMC Subsidy, Samsung to Receive U.S. Subsidy
Today's Above Avalon Daily email covers the following topics:
Revisiting iPhone Manufacturing In India
U.S. Announces TSMC Subsidy
Samsung to Receive U.S. Subsidy
Hello everyone. Today’s update has an Apple manufacturing / supply chain apparatus theme. We begin with my thoughts on some new reporting regarding iPhone manufacturing and assembly in India. There are a few underlying themes found with the iPhone manufacturing in India story. The update then turns to TSMC and Samsung receiving U.S. subsidies under the U.S. CHIPS and Science Act.
Above Avalon membership is required to read this update. Members can read the update here.
Above Avalon Membership
Choose either a monthly or annual membership. Payment is hosted by MoonClerk and secured by Stripe. Apple Pay and other mobile payment options are accepted. After signup, use this link to update your payment information and membership status at any time. Contact me with any questions.
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Member Privileges and Benefits
Become an Above Avalon member and receive the following privileges and benefits:
Exclusive Analysis. Receive my daily newsletter and reports containing analysis and perspective, 100% related to Apple.
Earnings Model. Access my working Apple earnings model (an Excel file that also works in Numbers).
Member Archive. Access all previous analysis sent to members.
Member Forums. Interact with other members in the Above Avalon team in Slack.
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Apple Talks up Vision Pro at Work, Apple Announces Enterprise Spatial Design Lab, Inside Apple Vision Pro
Today's Above Avalon Daily email covers the following topics:
Apple Talks up Vision Pro at Work
Apple Announces Enterprise Spatial Design Lab
Inside Apple Vision Pro
In today’s update, we take a closer look at Apple’s attempt to draw attention to Vision Pro in business settings. The discussion turns to Apple announcing a new Enterprise Spatial Design Lab. We conclude with Lumafield publishing one of the more interesting “teardowns” of an Apple product.
Above Avalon membership is required to read this update. Members can read the update here.
Above Avalon Membership
Choose either a monthly or annual membership. Payment is hosted by MoonClerk and secured by Stripe. Apple Pay and other mobile payment options are accepted. After signup, use this link to update your payment information and membership status at any time. Contact me with any questions.
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Member Privileges and Benefits
Become an Above Avalon member and receive the following privileges and benefits:
Exclusive Analysis. Receive my daily newsletter and reports containing analysis and perspective, 100% related to Apple.
Earnings Model. Access my working Apple earnings model (an Excel file that also works in Numbers).
Member Archive. Access all previous analysis sent to members.
Member Forums. Interact with other members in the Above Avalon team in Slack.
Priority Email Access. Receive timely responses to all email inquiries.
Access to Add-ons. Customize a membership with the Podcast, Inside Orchard, and Financial Models add-ons.
Above Avalon Support. Play an active role in supporting Above Avalon as an independent voice and resource.