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

Project Titan’s Leadership Change
Apple Car Rumors Persist
Thursday Q&A

We begin today’s update with a discussion of Project Titan, Apple’s R&D group focused on the transportation industry. After going over Project Titan’s change in leadership, we discuss where Apple’s transportation efforts currently stand and why I think Apple continues to move forward with developing its own autonomous car. The email concludes with a new installment of Thursday Q&A. I answer the following questions from Above Avalon members:

Do ongoing supply constraints found with high-end iPhones point to demand coming in better than Apple’s expectations?
What do gross margins look like for the iPhone business by model? If high-end iPhones face supply constraints, will Apple’s gross margins take a hit?
What are your thoughts on key features for an Apple Glasses Version 1.0?
Do you see Apple eventually including 5G / LTE in AirPods Max so that they can be taken on a run and work without an iPhone and Apple Watch?
With Apple embracing color for the AirPods Max, what is the rationale in Apple continuing to avoid offering different color options for AirPods and AirPods Pro?
Why is Apple Fitness+ rollout limited to so few countries at launch?

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