Apple is seeing another high-profile executive from the Tim Cook era scale back his remaining responsibilities, as former CFO…
Tag: Luca Maestri
Apple sued by shareholders for fraudulently overstating Siri AI progress
On Friday, Apple was hit with a proposed securities fraud class action lawsuit from shareholders, alleging the company misrepresented…
Stellantis denies report about choosing Apple CFO Luca Maestri as new CEO
Stellantis has denied a recent report claiming that Luca Maestri, the outgoing CFO of Apple, would be appointed as the new CEO of the company…
MacDailyNews presents live notes from Apple’s Q424 conference call
MacDailyNews presents live notes from Apple’s fiscal Q424 Conference Call with analysts starting at 2pm PT / 5pm ET today, October 31, 2024…
How will Apple’s new CFO handle dividends and buybacks?
Apple on Monday announced that Chief Financial Officer (CFO) Luca Maestri will transition from his role on January 1, 2025. Maestri will…
Analysts expect seamless Apple CFO transition
Apple on Monday announced that Chief Financial Officer Luca Maestri will transition from his role on January 1, 2025. Maestri will continue…
Apple to replace CFO Luca Maestri on January 1st in planned succession
Apple on Monday announced that Chief Financial Officer Luca Maestri will transition from his role on January 1, 2025. Maestri will continue…
MacDailyNews presents live notes from Apple’s Q324 conference call
MacDailyNews presents live notes from Apple’s Q324 Conference Call with analysts starting at 2pm PT / 5pm ET today, August 1, 2024…
Apple CFO: ‘We are making significant investments’ in AI and ‘believe we are well-positioned’
Apple is planning a long-awaited push into generative artificial intelligence (GenIA), the fruits of which are expected to be revealed at its…
MacDailyNews presents live notes from Apple’s Q224 conference call
MacDailyNews presents live notes from Apple’s Q224 Conference Call with analysts starting at 2pm PT / 5pm ET today, May 2, 2024…
MacDailyNews presents live notes from Apple’s Q323 conference call
MacDailyNews presents live notes from Apple’s Q323 Conference Call with analysts starting at 2pm PDT / 5pm EDT today, August 3, 2023…
MacDailyNews presents live notes from Apple’s Q223 conference call
MacDailyNews presents live notes from Apple’s Q223 Conference Call with analysts starting at 2pm PDT / 5pm EDT today, May 4, 2023…
MacDailyNews presents live notes from Apple’s Q123 conference call
MacDailyNews presents live notes from Apple’s Q123 Conference Call with analysts starting at 2pm PT / 5pm ET today, February 2, 2023…
Apple hires former Facebook exec as its new chief information officer
Apple has hired a startup founder and former Facebook executive to run its information systems group after departures in that department…
Apple said to freeze most hiring amid rampant inflation, recession fears
Amid rampant U.S. inflation and recession fears, Apple has frozen hiring for roles across corporate divisions, three sources…
Why Apple’s Mac revenue this quarter will ‘decline substantially’ year over year
After setting a new all-time quarterly record in fiscal Q422, Apple’s Mac revenue will decline substantially in the December quarter (Q123)…
MacDailyNews presents live notes from Apple’s Q422 conference call
MacDailyNews presents live notes from Apple’s Q422 Conference Call with analysts starting at 5pm EDT / 2pm PDT today, October 27, 2022…
Apple to report Q422 earnings results on October 27th
Apple will report fourth fiscal quarter 2022 (Q422) earnings results after market close – right around 1:30 p.m. PDT / 4:30 p.m. EDT…
3 bullish comments from Apple CEO Cook and CFO Maestri
Apple CEO Tim Cook and CFO Luca Maestri both offered bullish comments in the earnings call that solidified the Street’s approval…
MacDailyNews presents live notes from Apple’s Q322 conference call
MacDailyNews presents live notes from Apple’s Q222 Conference Call with analysts starting at 5pm EDT / 2pm PDT today, July 28, 2022…
Apple moves $25 million of its cash mountain to community credit unions
Apple, which has a mountainous $193 billion in cash, is now placing some of it in credit unions and minority depository institutions…
MacDailyNews presents live notes from Apple’s Q222 conference call
MacDailyNews presents live notes from Apple’s Q222 Conference Call with analysts starting at 5pm EDT / 2pm PDT today, April 28, 2022…
Apple to report Q222 earnings results on April 28th
Apple will report second fiscal quarter 2022 (Q222) earnings results after market close – right around 1:30 p.m. PDT / 4:30 p.m. EDT – on…
Nestlé proposes Apple CFO Luca Maestri for election to its board
Nestlé announced today that it proposes Luca Maestri, Chief Financial Officer at Apple, and Chris Leong, Chief Marketing Officer…
Judge certifies class action lawsuit against Apple over alleged misleading statements by CEO Tim Cook
An English council is suing Apple for allegedly concealing weak iPhone demand and has now won a legal breakthrough after a judge certified…
MacDailyNews presents live notes from Apple’s Q122 conference call
MacDailyNews presents live notes from Apple’s Q122 Conference Call with analysts starting at 5pm ET / 2pm PT today, January 27, 2022…
Apple to report holiday quarter (Q122) results on January 27th
Apple will report its holiday quarter (fiscal Q122) results on Thursday, January 27, 2022 after market close…
MacDailyNews presents live notes from Apple’s Q421 conference call
MacDailyNews presents live notes from Apple’s Q321 Conference Call with analysts starting at 5pm EDT / 2pm PDT today, October 28, 2021…
Apple’s new debt deal could mean more shareholder rewards after string of blowout earnings
Apple hit the bond market on Thursday, with a four-part debt deal, focused ion keeping its mega shareholders’ capital return program flowing…
Apple shares gain on new bond sale plans; Jim Cramer sees ‘insane’ stock buyback
Apple shares gained Thursday after filing to raise billions in the bond market that could be used to boost dividends and buybacks …
Apple had yet another astonishing quarter, but its share price is drifting lower
It’s another astonishing quarter in a string of them, but Apple’s share price is nonetheless drifting lower in trading on Wednesday…
Apple mitigates chip shortage with focus on profitable products
The global chip shortage has disrupted major automotive factories, but pushed Apple and other tech firms to become more flexible by…
MacDailyNews presents live notes from Apple’s Q321 conference call
MacDailyNews presents live notes from Apple’s Q321 Conference Call with analysts starting at 5pm EDT / 2pm PDT today, July 27, 2021…
MacDailyNews presents live notes from Apple’s Q221 conference call
MacDailyNews presents live notes from Apple’s Q221 Conference Call with analysts starting at 5pm EDT / 2pm PDT today, January 27, 2021…
In bid to overturn $15.7 billion Apple tax verdict, EU claims court made errors
EU antitrust bureaucrats have claimed a court made legal errors when it scrapped their 13 billion euro ($15.7B) Apple tax grab in Ireland…
Analysts rush to upgrade Apple price targets
Following a blowout all-time record earnings report on Wednesday, analysts rushed to upgrade their Apple price targets …
MacDailyNews presents live notes from Apple’s Q121 conference call
MacDailyNews presents live notes from Apple’s Q121 Conference Call with analysts starting at 5pm ET / 2pm PT today, January 27, 2021…
Apple CFO Luca Maestri, Jony Ive mentioned as possible Ferrari CEO candidates
Just as Italian luxury carmaker Ferrari is rolling out new hybrid models, the company is facing a fresh challenge of finding a new CEO …
Apple must face shareholder lawsuit over CEO Cook’s China sales comments
Apple has been ordered to face a proposed class-action shareholder lawsuit which accuses CEO Tim Cook of concealing falling demand for iPhones…
MacDailyNews presents live notes from Apple’s Q420 conference call
MacDailyNews presents live notes from Apple’s Q420 Conference Call with analysts starting at 5pm ET today. The company posted…
Apple: ‘We have always abided by the law in Ireland,’ as EU appeals tax grab loss
On Friday, Apple said it has always complied with Irish tax laws and that the issue which led to an EU tax order of 13 billion euros…
Apple court triumph forces tough choice for Vestager’s EU tax crusade
Apple’s July court triumph over a massive European Union tax grab is forcing antitrust chief Margrethe Vestager to make a tough choice…
