🫨 John Ternus is preparing a major shake-up at Apple

📰 Bloomberg reports that Apple's new chief wants to flatten the corporate structure by cutting out layers of middle management that sit between engineering teams and top executives. The plan is still not finalized.

🔄 Ternus believes Apple needs to be faster and bolder to keep its market lead, with new devices released year-round instead of being tied to the fall and spring cycles.

🧲 That means rethinking R&D projects, production cycles, and operations. Bold experiments are expensive, so Ternus has already asked Eddy Cue and CFO Kevan Parekh to find ways to squeeze more profit out of Apple's existing services.

@DailyApple