- Apple Inc's vice president of services, Peter Stern, has informed colleagues that he is leaving the company, the Insider reported on Monday, citing a source close to the executive.
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Stern, who joined the iPhone maker from Time Warner Cable in 2016, will leave at the end of the month, according to the report. Apple did not immediately respond to a Reuters request for comment.
A prominent media executive, Stern oversaw an expansion of Apple's paid subscription businesses, particularly its television offering, Apple TV+.
The services business features News+, Fitness+ and iCloud+, among other subscription services, a key focus for Apple as it looks to diversify revenue away from gadget sales.
The unit generated $19.19 billion in the fourth quarter ended September, up 5% from the previous year.
The Insider report said Apple is reorganizing its services unit and Stern's responsibilities will be split into three separate divisions.