Neil Cybart 9/14/20 Neil Cybart 9/14/20

Number of iPads in Use, Peloton Earnings, Peloton’s Weakness

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

Number of iPads in Use
Peloton Earnings
Peloton’s Weakness

We kick off today’s update with my estimates and calculations for the number of iPads currently in use. The update then turns to Peloton FY4Q20 earnings. The company has been garnering a lot of attention and intrigue both on Wall Street and in Silicon Valley. We go over the most interesting data points and takeaways from Peloton’s earnings release, conference call, and 10-K filing. The update concludes with a discussion of what I view as Peloton’s weakness and how Apple can capitalize on such weakness.

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