Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Apple cloud chief Abbott to step down in April - Bloomberg News

Published 03/03/2023, 03:38 PM
Updated 03/03/2023, 03:41 PM
© Reuters. FILE PHOTO: Apple logo is seen on the Apple store at The Marche Saint Germain in Paris, France July 15, 2020.  REUTERS/Gonzalo Fuentes/File Photo

(Reuters) -Apple Inc's top executive Michael Abbott, who is in charge of cloud services, is leaving the company in April, Bloomberg News reported on Friday citing people familiar with the matter.

The iPhone maker did not immediately respond to a Reuters request for comment.

Abbott, who joined Apple (NASDAQ:AAPL) in 2018, heads the iCloud service and is in charge of the platform that powers features such as Emergency SOS and Find My on iPhones as well as new features including iCloud data encryption.

He previously held top roles at Twitter and Palm, and was a partner at venture capital firm Kleiner Perkins.

Jeff Robbin, long-time Apple engineer, will take on Abbott's responsibilities, Bloomberg News reported.

© Reuters. FILE PHOTO: Apple logo is seen on the Apple store at The Marche Saint Germain in Paris, France July 15, 2020.  REUTERS/Gonzalo Fuentes/File Photo

Earlier this year, Insider reported that vice president of services Peter Stern, who oversaw an expansion of Apple's paid subscription businesses, particularly its television offering Apple TV+, would be leaving the company.

Shares in Apple were up about 3.4% in afternoon trading.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.