New York Times:

Robert A. Iger, Disney’s chief executive and chairman, has resigned from the board of Apple, whose growing Hollywood operation would have made it harder for him to fully engage as one of its directors.

Mr. Iger, 68, resigned on Tuesday, according to an Apple filing on Friday with the Securities and Exchange Commission.

Apple called Mr. Iger an “exemplary” board member, one of Apple’s “most trusted business partners” and “a role model for an entire generation” of leaders. “More than anything, Bob is our friend,” Apple continued.

Everyone will read this as being due to to the competition between Apple TV+ and Disney+ but as Tim Bajarin said on Twitter, “Iger resigning is to avoid any possible conflict of interest since they both now have streaming services. They actually co-exist well but this takes any potential threat from Wall Street over conflict of interest out of the picture.”