Market Chatter: New Apple CEO Looking to Overhaul Company

11:30 AM EDT, 09/29/2026 (MT Newswires) -- New Apple (AAPL) Chief Executive John Ternus has discussed plans internally with colleagues to accelerate product development, broaden its range of devices and create a leaner organization with a greater focus on engineering, Bloomberg reported Tuesday, citing people familiar with the discussions. Specifically, Ternus has discussed eliminating some middle-management positions and relying less on traditional spring and fall product release schedules, the report said. Ternus indicated that Apple must introduce products more quickly and become more experimental to remain competitive in the AI era, the report added, citing the people. Apple didn't immediately reply to a request for comment from MT Newswires. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.) Price: 331.80, Change: -6.60, Percent Change: -1.95