Phil Schiller

You know, Johnny, super close.

Tim, Phil Schiller.

So I don't think I'm unique.

Avi, I wasn't unique.

But what's really hard is to create a team that creates great products.

And so he was proudest of the team he made, and that included Tim Cook and Johnny Ive and Eddie Q and Phil Schiller and so many people who knew how to work together and can create, as he said, if you create the right team, they can create new products.

So I loved your book, your biography of Jobs, and I wasn't going to read it because people told me it's, you just find out he's a jerk.

He was something of a jerk.

a while.

okay you know he'll probably do it till he's like 65 you know unless he messes up you know and then he'll collect his he'll collect you know the all the stock options that he's got and he'll he'll retire to some other place yeah you know but well let's talk about Johnny Ives left a long time ago and And now Tim Cook's left and, you know, and Phil Schiller, he's still there, but he's like marketing emeritus or something.

He's supposed to work like one day a week.

You know, he still got his finger in the pie, but, you know, but he doesn't do that much.

I don't know where they come up with these names, but,

you know.

Phil Schiller.

Yeah.

And we probably only have one kind of interrelated topic for tonight.

And that is we're going to start with Phil Schiller's long exit and kind of some rumors about Ternus' plans for Apple.

This is from early September.

And Mark Gurman writes...

Phil Schiller's exit is notable.

The veteran executive ran the apps app store and Apple events.

The app store portion alone generates an estimated $30 billion a year.

Schiller, on the other hand, seems to believe that such moves will only further irk developers and governments.

But the meeting isn't over because a key product design suggestion was about to come from an unexpected source.

The chief of marketing, Phil Schiller, he suddenly asked in the meeting, can I bring out my thing now? And he goes away and he comes back with his own mock-ups, all of which have a little wheel on them.

Let's go, Phil.

I love this bit.

I love this bit.

So Phil Schiller had been inspired by his fancy Bang & Olufsen phone, which had a similar circular input mechanism.

Here's what he told Walter Isaacson.

I had been thinking of how you go through a playlist.

And then you don't have the reliable services business.

You lost Phil Schiller in the quarter, who was in charge of the App Store, and there's a lot of global regulatory headwinds and a lot of pushback from developers who are tired of the in-app store fees.

fees.Yeah, they're also citing Goldman ongoing mobile gaming softness, um, just adding to your list there.

Mackenzie, thank you for the rundown.