After a decade as chief financial officer during Apple's biggest financial windfall in history, Peter Oppenheimer is riding off into the sunset of retirement later this year, no longer the voice of Cupertino's quarterly financial calls.
So how about those Apple fiscal third-quarter earnings? Seems like everyone has an opinion about them, although for a three-month period that saw zero new products released, we'd certainly like to be raking it in Cupertino style. The good news for sad investors is that they won't have to wait long for the upswing, given how many times Apple executives have teased big things on the horizon for later this year -- including one such tease in today's recap.
OK, gamers, what are your thoughts on that Xbox One? If you've seen the hardware, you already know it looks pretty huge, which has a lot of fans scratching their heads. Of course, we have yet to get a close look at Sony's upcoming PlayStation 4, but judging from a teaser video released this week, we may not have long to wait -- although it seems many game fans may choose to sit out this generation in favor of mobile devices like the iPad. Are you one of them?
Apple executives are expected to testify on Capitol Hill today to defend the iPhone maker's offshore profits, but Cupertino has attempted to head off any surprises by posting Cook's responses for all to see.
The number crunchers in Cupertino are notorious for conservative estimates when it comes to forecasting revenue for the next quarter, but Apple has managed to exceed Wall Street’s expectations yet again with $39.2 billion in revenue for their fiscal second quarter.
You’d think after releasing the third-generation iPad, executives at Apple might get some rest over the weekend, but instead they issued a rare Sunday press release to announce a conference call to discuss its cash balance, which now amounts to nearly $100 billion.
We’re all familiar with the expression “what goes up, must come down” -- but apparently that means nothing to the folks at Apple Inc., who continue to soar ever-higher with their quarterly financial results. Tuesday was no exception, with first quarter revenue of $46.33 billion and net profit of $13.06 billion. Is there any end in sight for this runaway money-making freight train?
There may not have been a new iPhone this past summer, but Apple continued to ride high in its fiscal fourth quarter anyway, reporting record sales of the Mac and iPad product lines as well as the company’s highest September quarter revenue and earnings ever -- but go figure, the analysts are looking at the glass as half empty anyway.
Apple's iPad has undoubtedly remained the darling of the tablet market, a device with such continued high demand, that shipping times still stand at 1-2 weeks at the online Apple Store. Due to this success, it has left Apple executives believing that the tablet market will soon surpass PCs.