Apple says COO Jeff Williams will retire later this year, and Sabih Khan, Apple's SVP of Operations, will take over much of his role later this month (Mark Gurman/Bloomberg)

Apple's Chief Operating Officer Jeff Williams is retiring later this year, signaling a significant leadership transition. Sabih Khan, currently Senior Vice President of Operations, will assume a large portion of Williams' responsibilities later this month. Williams' departure marks a key change for the tech giant, especially during a period of considerable change for the iPhone maker. The move positions Khan, a long-time operations leader, to play a more central role in Apple's future strategic direction.

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Apple says COO Jeff Williams will retire later this year, and Sabih Khan, Apple's SVP of Operations, will take over much of his role later this month (Mark Gurman/Bloomberg)