Remove tag reliance retail ventures
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Apple Overhauls Leadership Ranks To Move Beyond iPhone

PYMNTS

In an attempt to lower its reliance on the iPhone, Apple is overhauling its leadership ranks and changing its priorities so that it is focused more on services, artificial intelligence, hardware and retail, reported The Wall Street Journal. Apple’s moves come at a time when demand for its iPhones is starting to slow.

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Transcript: Jenny Johnson, Franklin Templeton

Barry Ritholtz

We were 75% retail. So bringing the two firms together, you really made us 50/50 retail and institutional, and that’s been very important. You can put those tags in there but still take a professionally managed strategy… RITHOLTZ: Right. And then unbelievable managers in ClearBridge and Martin Currie and Brandywine.