The Apple Ecosystem Is Humming Along (AVALON Podcast Episode)
In the 23rd episode of the AVALON podcast, Neil discussed the following topics/subjects:
What's on the Agenda (the bulk of the discussion modeled after Apple’s Monday morning meetings)
An inside look at how I model Apple financially and how I approach Apple earnings.
The two big takeaways from Apple's 4Q25 earnings.
Why Apple's HW results are improving.
How Apple's ecosystem is underpenetrated from a Services monetization.
Lighting Round (two topics two minutes each)
Apple hits a $4 trillion market capitalization.
The Mac’s financial performance.
Give Me a Break (something ridiculous that jumped out at me)
Online misinformation involving finance/stocks.
Tell Me More (something intriguing that has my attention)
Neo the home robot.
Listen to the first four minutes of the episode below:
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Reading Between the Lines of Apple’s 4Q25 Earnings Q&A With Analysts
Today's Above Avalon Daily update includes the following story:
Reading Between the Lines of Apple’s 4Q25 Earnings Q&A With Analysts
Happy Wednesday everyone.
For today’s update, we will continue our Apple 4Q25 earnings review with the latest installment of Reading Between the Lines. This will be a substantial update which explains why it is being published a day later than expected. Instead of splitting it up into two or even three updates, it is being kept together in one large update. We will conclude the week tomorrow (Thursday) with a 10-K examination which will raise a few related financial topics.
After recapping each question-and-answer exchange that occurred on the call between Apple and sell-side analysts, we will go over my response to the exchange. Let’s go beyond what was talked about on the call with the 16th installment of Reading Between the Lines of Apple's earnings Q&A with analysts.
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My Initial Reaction to Apple’s Strong 4Q25 Earnings, How Apple’s Results Compared to My Estimates
Today's Above Avalon Daily update includes the following stories:
My Initial Reaction to Apple’s Strong 4Q25 Earnings
How Apple’s Results Compared to My Estimates
Hello everyone. Welcome to a special Halloween edition of the Above Avalon Daily. While there may be some scary displays this evening trick-or-treating, Apple’s earnings release and call were the opposite of frightening. Let’s discuss. Today’s update will begin our Apple earnings review.
We will kick things off with my initial reaction to earnings. The second half of the update will go over the key numbers.
An Above Avalon Daily subscription is required to read this daily update. Subscribers can read the update here.
An audio version of this update is available to members who have the podcast add-on attached to their membership.
Choose either a monthly or annual subscription. 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 subscription status at any time.
Subscriber Privileges and Benefits
Exclusive Analysis. Receive the Above Avalon Daily newsletter, widely-recognized as the leading daily newsletter dedicated to Apple. Now in its tenth year.
Archive Access. Access previous updates sent to members in an easy-to-navigate archive built in Ghost.
Full Access to Above Avalon Forum. Access exclusive channels in the Above Avalon forum in Discord.
Email Access to Neil Cybart. Receive timely responses from Neil to email inquiries.
Access Bundle Discounts. Customize a subscription with additional Above Avalon products and save: AVALON, Podcasts Packages, Inside Orchard, and Financial Models.
Above Avalon Support. Play an active role in supporting Above Avalon as an independent voice and resource. Above Avalon is 100% funded by subscribers.