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Phil Schiller’s App Store exit reportedly driven by wariness over future plans

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Key Takeaway

According to Bloomberg, Phil Schiller stepped down as App Store head due to wariness over John Ternus and Eddy Cue's strategy to boost margins and recurring revenue, which Schiller feared would increase conflict with developers and regulators. He remains an Apple Fellow.

AI Summary & Analysis
Phil Schiller's exit from the App Store was partly driven by concerns over new CEO John Ternus' plans to increase margins and revenue.
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