Apple again saw its sales and revenue grow in the third fiscal quarter of 2017, with $45.4 billion in revenue on strong iPhone, iPad and Mac sales. Following the news, the company held a conference call with media and analysts, and notes of interest follow.
After returning to growth for the holiday quarter, iPhone sales dipped once again in the March frame, though Apple's revenue grew to $52.9 billion. Following the news, the company held a conference call with media and analysts, and notes of interest follow.
Eight Apple executives, including senior vice presidents Eddy Cue and Craig Federighi, saw batches of restricted stock units vest last week, six of which were worth some $13.6 million.
In an interview this week, Apple's Chief Financial Luca Maestri addressed questions regarding Apple's research spending, a possible import tax as part of a larger reform package, and the new Apple Headquarters as tourist attraction.
Apple's chief financial officer, Luca Maestri, is scheduled to speak at the 2017 Goldman Sachs Technology and Internet Conference on Tuesday, which the tech giant plans to stream live through its website.
Apple last week meted out restricted stock unit awards to its executive team, with the likes of SVP of Internet Software and Services Eddy Cue, SVP of Worldwide Marketing Phil Schiller and others receiving up to 149,667 RSUs scheduled to vest through 2021.
Six of Apple's top executives, including SVP of Internet Software and Services Eddy Cue and SVP of Worldwide Marketing Phil Schiller, each saw 87,578 restricted stock units worth nearly $10 million vest as part of an award granted in 2014.
Apple's CFO Luca Maestri has declared Italy's University of Naples Federico II as the location for Europe's first iOS coding talent incubator, set to open its doors in just a few months.
Calling it a "busy and challenging quarter," Apple Chief Executive Tim Cook gave commentary and fielded questions on his company's fiscal 2016 second quarter. Notes of interest from the call with investors and the media follow.
On Wednesday Apple CFO Luca Maestri attacked an ongoing European Commission investigation into the company's tax deals with Ireland, claiming that a "fair" decision would find the iPhone maker owing nothing.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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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Neil Hughes
Mikey Campbell
Mike Wuerthele
AppleInsider Staff
Roger Fingas
Daniel Eran Dilger
