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Thisweek: Apple’s 13-year record revenue streak isbroken;  our best picture yet of iPhone 7features; rumors point to afaster, untethered Apple Watch 2; Apple has a hugeincrease in R&D spending, but where’s the money going? And stick around for more stories from the Cult of Mac. This week: a 15-year-old mows lawns, then uses the money tobuild one of the world’s best Apple collections. This episode supported by Freshbooks, the easy-to-use invoicing software designedto help small business owners get organized, save time invoicingand get paid faster.  And I can vouch for this fromexperience, it also makes tax time a cinch.  Get startedwith a free trial at Freshbooks.com/cultcast, andplease enter “CultCast” in the “How did you hearabout us?” section! TunnelBear, the simple privacy app that makes it easy tobrowse privately and enjoy a more open internet. VisitGetTunnelBear.com to getyour free TunnelBear today. We also want to give Kevin MacLeod at incompetech.com a  thanks for thegreat music you hear on today's show. On the show this week@erfon / @bst3r / @lkahney Submit your CultCast intro, win some CultCloth!https://www.reddit.com/r/TheCultCast/comments/4fsumv/cult_caster_intros_listener_made/ Intro - Hamilton Morris loves his iPod https://www.youtube.com/watch?v=XE6G2TICSJQ 8 optimistic takeaways from Apple’s slumptastic earningscallhttp://www.cultofmac.com/425131/apple-earnings-call-q2-2016-takeaways/

• R&D spending at Apple increased by $1.1 billion dollarscompared to the same six month period last year, according to a newSEC filing
• The tech giant is fighting itself here, being forced tocompare thisyear’s numbers to the killer iPhone 6 sales that drove2015’s overwhelming revenue
• Apple’s tablets are doing fine, really, selling 10.3 millionunits this quarter. But in general, tablets are stinking up theplace.
• Apple surprised by SE demand andcan’t keep up

 Apple Watch made $1.5 billion more than Rolex last yearhttp://www.cultofmac.com/425038/apple-watch-made-1-5-billion-more-than-rolex-last-year/

• The Apple Watch, which celebratedits first birthday this week, is just such a product. Howmuch of an impact did the Apple Watch make in its debut year?Enough to bring in $1.5 billion more than Rolex did in 2