Due to Apple's &#34;alleged&#34; monopoly in the mobile software market facing regulatory scrutiny, Apple is undergoing a restructuring, with Vice President Matt Fischer, who is in charge of operating the App Store, set to resign.
On Wednesday, August 21st, Eastern Time, media reports indicated that Matt Fischer, who has been in charge of operating the Apple App Store business since 2010, will be leaving Apple in October. Apple has decided to split the App Store team into two teams: one team will continue to be responsible for Apple's own App Store, while the other team will be responsible for distributing other applications. These adjustments are in response to regulatory demands for Apple to allow users to purchase apps through other app stores and payment methods.
In an email to the team on Wednesday, Fischer stated:
&#34;After 21 years at Apple, I have decided to leave this amazing company. I have been considering this decision for some time, and now as we are restructuring the team to better address new challenges and opportunities, it is the best time to pass the baton to two outstanding leaders in the team.&#34;
After Fischer's departure, Apple will have two current executives take over his role. Carson Oliver, who has been a senior director for a long time, will be responsible for Apple's own App Store, while Ann Thai, who is in charge of App Store search and discovery functions, will lead the new team responsible for alternative distribution. These two managers will report directly to Phil Schiller

AAPL

In response to regulatory requirements, Apple is undergoing a restructuring. On one hand, Matt Fischer, a senior executive at Apple and head of the App Store, will be leaving in October. On the other hand, the App Store team at Apple will be split into two separate teams

- Apple is restructuring its App Store operations following regulatory scrutiny over alleged monopolistic practices, with Vice President Matt Fischer set to depart in October. The App Store team will split into two groups: one managing Apple's store and the other handling distribution for other apps, in response to regulators' demands for alternative app store and payment options.
- Fischer, who has been with Apple for 21 years, announced his departure in an email to the team, citing the ongoing team restructuring to better address new challenges and opportunities. Two current executives, Carson Oliver and Ann Thai, will take over Fischer's responsibilities, reporting directly to Phil Schiller.
- Carson Oliver will oversee Apple's App Store, while Ann Thai will lead the new distribution-focused team, as Apple aims to adapt to regulatory pressures and market demands.

In response to regulatory requirements, the person in charge of Apple's App Store is about to resign