Mark Gurman: Apple appoints Steve Smith as new M&A chief amid management changes

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08.10.2026

Mark Gurman: Apple appoints Steve Smith as new M&A chief amid management changes — Apple selects Steve Smith as M&A chief

Mark Gurman reports that Apple is appointing Steve Smith as its new head of mergers and acquisitions, with Adrian Perica shifting to focus solely on overseeing parts of the company’s services business.

This move follows a series of management changes being led by John Ternus at Apple.

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Gurman previously reported declines in multiple smart home stocks, including Arlo Technologies and Resideo, following negative news in the sector. Details on these movements can be found in his coverage of smart home shares falling. The recent management appointments at Apple come as the company continues to adjust leadership roles across different business areas.

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