Apple’s management overhaul

Hey everyone, it's Mark. The departure of Apple's chief operating officer is just the beginning of a broader management overhaul — though Tim Cook is staying put for now. Also: The company is scaling back the iOS 26 Liquid Glass revamp; a look at upcoming devices; and Meta poaches Apple's top AI models executive.

Last time in Power On: Apple should sell a smart ring to expand its fitness wearables lineup.

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The Starters

Tim Cook is likely to stay in charge of Apple for years. Photographer: David Paul Morris/Bloomberg

Whether or not you think Apple Inc. Chief Executive Officer Tim Cook should step aside, the reality is clear: He's not leaving anytime soon.

Despite being mired in Apple's biggest crisis in years — its artificial intelligence debacle — Cook has staying power akin to other captains of industry. Think of Bob Iger, the 74-year-old CEO of Walt Disney Co., or Jamie Dimon, the 69-year-old leader of JPMorgan Chase & Co. Though Cook turns 65 in November, there's a likely scenario in which he remains in charge of the iPhone maker for at least another half-decade.

Jeff Williams, Cook's longtime No. 2, just announced plans to retire later this year. That means there's no immediate successor ready to take the helm. There also haven't been signs internally that Cook is...