Apple appoints new head of mergers and acquisitions

Apple's new head of M&A: Steve Smith will succeed Adrian Perica; Perica will continue to oversee iCloud, Fitness+, and the news business. Smith will report to CFO Kevan Parekh, and the M&A team will return to management under the finance department, the first time since 2019. Meanwhile, Carson Oliver has been promoted to vice president of the App Store. This personnel change is part of a series of leadership adjustments within Apple's services division. Eddy Cue will take over the App Store and other teams; Perica and Oliver Schusser are seen as potential successors to Cue.