Max Nisen is a Bloomberg Gadfly columnist covering biotech, pharma and health care. He previously wrote about management and corporate strategy for Quartz and Business Insider.

Good morning! This is Fly Charts, the daily charts-only newsletter from Gadfly; sign up here. From going loco for CoCos to learning to love the App Store, here are four charts that tell you what you need to know in business today. 

Bearing Fruit
A major App Store revamp isn't the sexiest thing Apple announced Monday, but it may be the most important.
Source: Apple disclosures and Bloomberg Gadfly estimates
Note: Apple disclosed more than $10 billion and $20 billion in purchases for 2013 and 2015. Figures for 2014 and 2016 are extrapolated from Apple's disclosures about growth rates and payouts to developers.
All Good?
Bulls point to resurgent earnings as support for high U.S. stock valuations, but there are devils in the details.
Source: Bloomberg
Shipping Out
The real battleground in the Saudi/Qatari dispute is Asia, which is the dominant importer of Qatar’s LNG.
Source: International Gas Union, Gadfly calculations
Note: 2015 figures.
Massive Growth
The amount of contingent convertible debt outstanding has soared, and no one really knows how it will work in a worst-case scenario. Banco Popular is getting close to one.
Source: Bloomberg

And don't miss Leila Abboud on Europe's heavily shorted startup factory: "Oliver Samwer, founder of European startup factory Rocket Internet SE, compares his job to a blitzkrieg that demands total dedication. Yet as two of Rocket's biggest investments reach a critical moment, he isn't in total command of their destinies."

This column does not necessarily reflect the opinion of Bloomberg LP and its owners.

To contact the author of this story:
Max Nisen in New York at mnisen@bloomberg.net

To contact the editor responsible for this story:
Mark Gongloff at mgongloff1@bloomberg.net