Apple App Store Team Sees Major Shakeup As Business Head Matt Fischer Heads For The Exit
Portfolio Pulse from Ananya Gairola
Apple Inc. is undergoing a major restructuring of its App Store division as Matt Fischer, the head of the App Store, departs after 21 years. The division will be split into two teams in response to regulatory pressures, with new leaders appointed to manage the changes.
August 22, 2024 | 1:32 am
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Apple's App Store is undergoing a significant restructuring as Matt Fischer departs. The division will be split into two teams to address regulatory pressures, potentially impacting Apple's service revenue.
The departure of a long-standing leader and the restructuring of the App Store division could lead to short-term uncertainty. However, the changes are in response to regulatory pressures, which Apple is addressing proactively. The impact on stock price is neutral as the market may have already priced in these regulatory challenges.
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