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Apple Car project faces setbacks and delays, with a reduction in technological capabilities combined with a significant delay in time to market.
Project Titan scaled back from fully autonomous to hands-off but eyes-on autonomous driving.
Market leader Mobileye Global already expects a surge in L2+ vehicles by 2026 with its SuperVision system, making Apple's offering less differentiated.
Apple Inc. earnings results show it likely needs a new major product to continue to deliver shareholder returns. However, given the size of the business, even Vision Pro likely won't suffice.