Apple Appoints New Head of M&A

Apple's new head of mergers and acquisitions, Steve Smith, will replace Adrian Perica; Perica will continue to oversee iCloud, Fitness+, and News. Smith will report to CFO Kevin Parekh, marking the first time since 2019 that the M&A team has returned under the finance department's management. Additionally, Carson Oliver has been promoted to vice president of App Store. These personnel changes are part of a broader leadership reshuffle within Apple's Services division. Eddy Cue will take over App Store and other teams, while Perica and Oliver Suther are seen as potential successors to Cue.