Head of Project Titan Is Leaving Apple, Threading the AAPL Expectations Needle
Today's Above Avalon stories:
- Head of Project Titan Is Leaving Apple
- Threading the AAPL Expectations Needle
We begin today's email by discussing news that Steve Zadesky, head of Apple's electric car team Project Titan, is leaving Apple. We go over what we already know about Project Titan, Zadesky's role with the team up to now, and how to think about the longer-term ramifications from this move. We conclude by discussing what I suspect is happening to Project Titan. We then shift over to Apple earnings and conclude our earnings preview by discussing 2Q16 guidance. Management will have the opportunity to thread the AAPL expectations needle in such a way as to come out ahead regardless of tomorrow's results. We explain this strategy and go over how management can accomplish the task.
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