Leadership Turmoil and Regulatory Pressure Mount for Apple

The corporate leadership at technology behemoth Apple is showing signs of instability. A combination of high-profile executive departures and a board of directors reportedly accelerating succession plans for CEO Tim Cook suggests a period of significant transition may be imminent for the world’s most valuable company.

Adding to the internal upheaval, Apple faced a substantial legal defeat on Friday in the United Kingdom. The Competition Appeal Tribunal in London rejected the company’s appeal concerning a ruling on abuse of market power. The case centers on Apple’s practice of charging developers a 30 percent commission fee instead of a deemed fairer rate of 17.5 percent. This legal failure could potentially expose the Read more...