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Topic: Luca Maestri

Apple Inc. surprises with massive $17 billion Q4 stock buyback

10/21/2014, 05:10 pm

During its fiscal Q4 ending in September, Apple spent an incredible $17 billion to buy up its own stock, increasingly doing so on its own without outside bankers' assistance. Since the beginning of fiscal 2014, Apple has spent an astounding $45 billion to repurchase its stock from fleeing investors at incredible discounts.

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IBM's first enterprise apps for iPad to launch next month as iPad reaches 90 percent tablet share in U.S education

10/21/2014, 04:10 am

Apple isn't just waiting around for iPad sales to pick up speed. In its earnings conference call with analysts, Apple's chief executive Tim Cook stated the first wave of IBM's Mobile First apps targeting businesses would arrive next month, while separately noting that iPad now accounted for 90 percent of U.S. tablets used in education.

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iPad sales narrowly beat expectations as Tim Cook targets "negative commentary," says market isn't saturated

10/20/2014, 09:10 pm

In today's earnings conference call with analysts, Apple's chief executive Tim Cook explained why he remains "very bullish" about iPads despite the tablet's sales not maintaining the growth rates of iPhones or Macs in every region.

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Notes of interest from Apple's Q3 2014 conference call

07/22/2014, 05:07 pm

Apple on Tuesday fell just short of Wall Street expectations for its third fiscal quarter of 2014 amid disappointing results for the iPhone and iPad, though the Mac continued to outpace the PC market. Following the announcements, executives from the company participated in a conference call with analysts and the media, and notes of interest follow.

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Apple officially appoints new CFO Luca Maestri as Peter Oppenheimer transitions out

05/30/2014, 11:05 pm

In a filing with the U.S. Securities and Exchange Commission on Friday, Apple announced it officially appointed Luca Maestri as its new Senior Vice President and Chief Financial Officer on May 29. Maestri succeeds longtime finance chief Peter Oppenheimer.

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Apple, Inc. spent $18B to buy back 31.7 million shares of AAPL in March quarter

04/25/2014, 12:04 pm

During its fiscal Q2 ending in March, Apple spent $18 billion to buy up its own stock off the market. More than three quarters of that total was used to snatch up discounted stock after investors panicked following Apple's Q1 earnings announcement in January.

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iPad luring in new users: over 2/3 of Apple's iPad buyers were new to iPad

04/23/2014, 09:04 pm

Over two thirds of people registering an iPad in the last six months were new to iPad, while over half of those registering iPhone were new to iPhone, Tim Cook revealed, highlighting the attraction and loyalty effects Apple is observing in its products.

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Tim Cook: Angela Ahrendts to join Apple next week, thanks outgoing CFO Peter Oppenheimer

04/23/2014, 07:04 pm

During Apple's quarterly earnings conference call, chief executive Tim Cook said he looked forward to welcoming Angela Ahrendts as the company's new retail and online leader next week, while offering public thanks to outgoing chief financial officer Peter Oppenheimer.

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Wall Street not surprised by Apple CFO's retirement, expecting smooth transition

03/04/2014, 11:03 am

The announcement that Apple Chief Financial Officer Peter Oppenheimer will retire later this year, making way for Luca Maestri to take over the position, was not surprising to investors on Wall Street, who generally responded with confidence on Tuesday.

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Apple CFO Peter Oppenheimer to retire at end of September

03/04/2014, 08:03 am

Peter Oppenheimer, senior vice president and chief financial officer of Apple, will retire from the company at the end of September, after spending 18 years with the Mac maker, it was announced on Tuesday.

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