APPLE'S NEW CEO SEEKS TO MAKE COMPANY RUN FASTER AND LEANER

Summary from the TLDR newsletter

Apple CEO John Ternus is moving to overhaul the company to accelerate product development, broaden its range of devices, and create a leaner organization with a greater focus on engineering. Early ideas under consideration include relying less on traditional spring and fall product release schedules and eliminating some middle-management positions. Ternus has indicated that the company should introduce products more quickly and become more experimental to remain competitive in the AI era. He is seeking new sources of revenue and ways to generate more money from existing products.