Key facts
- Apple CEO John Ternus is overhauling the company to accelerate product development.
- The overhaul aims to create a leaner organization with a greater focus on engineering.
- Apple is planning a push into the smart-home market on October 13.
Apple's new Chief Executive Officer, John Ternus, is initiating a significant overhaul of the iPhone maker's operations. The changes are designed to accelerate product development cycles, expand the company's portfolio of devices, and foster a leaner organizational structure with an increased emphasis on engineering. The report from Bloomberg News on Tuesday indicates a strategic shift under Ternus's leadership to enhance the company's agility and focus. Separately, Apple is planning to make its long-delayed push into the smart-home market on October 13, Bloomberg News reported on Wednesday.