Apple has launched AppleCare One Family in the U.S. for $49.99/month The plan covers all eligible Apple devices for up to six family members and includes AppleCare+ benefits like accidental damage and theft and loss protection

APPLE’S NEW CEO PUSHES YEAR-ROUND PRODUCT LAUNCHES, LEANER ORG Apple $AAPL CEO John Ternus is moving to reshape the company just weeks into the role, with a focus on faster product development, fewer management layers and more frequent product launches, Bloomberg reports. Apple is considering moving away from its traditional spring and fall release schedule and launching products throughout the year instead. The company has also started cutting engineering program manager roles, including several senior directors, as Ternus looks to reduce layers between engineers and senior leadership. AI is part of the efficiency push as well. Apple explored a plan to cut roughly 5,000 AppleCare workers by using AI-powered phone and web agents, although that plan was later put on hold. At the same time, Apple is preparing a large product pipeline for next year, including camera-equipped AirPods, its first smart glasses and a redesigned iPhone for the device’s 20th anniversary. Ternus and Apple’s leadership team are also looking for new sources of revenue as Services growth slows, while some teams are being asked to keep headcount flat and reduce spending. Source: Bloomberg

APPLE’S NEW CEO WEIGHS YEAR-ROUND PRODUCT LAUNCHES, CUTS MANAGEMENT ROLES $AAPL CEO John Ternus is moving quickly to reshape the company just weeks into the job, with plans to speed up product development, reduce management layers and make Apple more engineering-focused, according to Bloomberg. Apple is considering moving away from its traditional spring and fall launch schedule and introducing products more frequently throughout the year. The hardware engineering group has already started cutting engineering program manager roles, including several senior directors, as Ternus pushes for fewer layers between engineers and leadership. Apple also explored using AI to automate more customer support work and potentially cut around 5,000 AppleCare positions, though that plan was ultimately put on hold. At the same time, Apple has a major product pipeline planned for next year, including camera-equipped AirPods, its first smart glasses and a redesigned 20th-anniversary iPhone. The broader push is pretty straightforward: ship products faster, operate with fewer layers and find new sources of growth as Services growth slows. Source: Bloomberg