Apple Airpods, Homepod Key Developer Gary Geaves Steps Down, Leadership Shuffle Takes Place Amid Product Overhaul: Report
Portfolio Pulse from Ananya Gairola
Gary Geaves, Apple Inc.'s acoustics chief and key developer of AirPods and HomePod, is stepping down and will be succeeded by Ruchir Davé. This leadership change is part of a broader shuffle within Apple's hardware engineering group, which is crucial for the company's audio product development including AirPods, Macs, and speakers. Apple reported strong performance in Q1 2024, driven by record Services and iPhone revenue, amidst a strategic shift towards its wearable and audio products business.
February 21, 2024 | 1:58 am
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Gary Geaves, a key figure in Apple's audio product development, steps down. Ruchir Davé to lead the acoustics team. Apple reports strong Q1 2024 performance, highlighting a strategic focus on audio and wearable products.
The leadership change within Apple's acoustics team is significant but not directly indicative of immediate stock price movement. However, it reflects Apple's ongoing strategic shift towards strengthening its position in the audio products market, which could have long-term positive implications. The strong Q1 2024 performance, driven by record Services and iPhone revenue, supports a stable outlook for AAPL in the short term.
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