Apple's New CEO Just Signaled a Major ShakeUp -- Faster Products, Fewer Managers

This article first appeared on GuruFocus. Bloomberg report said that Apple (AAPL) CEO John Ternus is considering a faster, less rigid product strategy as he begins reshaping the company, including a possible move away from the usual spring and fall release schedule. The new chief executive has also discussed reducing layers of management so engineers can interact more directly with senior leaders, while giving teams more room to test new ideas, Bloomberg said, citing people familiar with the matter. Ternus succeeded Tim Cook as CEO earlier this month, with Cook moving to executive chairman. Warning! GuruFocus has detected 6 Warning Signs with BE. Is AAPL fairly valued? Test your thesis with our free DCF calculator.