finance.yahoo.com

Phil Schiller steps down as App Store head amid margin push

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Sig2.23Sen-2.08Env0.00Soc-0.65Gov-2.30

Phil Schiller is stepping down as head of the App Store, though he will remain an Apple Fellow working on unspecified projects. Bloomberg’s Mark Gurman reports the move was driven partly by wanting more time with family and philanthropy, and partly by concern that plans by CEO John Ternus and Eddy Cue to improve App Store margins and recurring revenue could heighten conflict with governments and developers amid ongoing criticism and major lawsuits.

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