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In September, Matt Fischer, head of Apple's App Store, announced on LinkedIn that he'd be leaving the company this month after 21 years. He wrote that now was the "right moment to pass the baton ...
CFO Luca Maestri is also set to transition to lead Apple's corporate services teams on Jan. 1. The moves follow a similar trend in 2022 and 2023, during which the company lost several executives ...
Good morning. The new year means a new finance chief for Apple Inc. Kevan Parekh transitioned from VP of financial planning and analysis into the role of SVP and CFO on Jan. 1.
Kevan Parekh (born 1972) [1] is an American business executive who has been the chief financial officer (CFO) of Apple Inc. since January 2025. [2] [3] [4] Prior to this, Parekh worked in other positions at Apple for eleven years, including as vice president of Financial Planning and Analysis.
In 2014, after working at Apple Inc. as vice president of finance and corporate controller, he was appointed the position of CFO. [7] [8] [9] Along with being the chief financial officer he will also assume the responsibility of principal accounting officer. Upon being appointed CFO, he was issued 6,337 restricted stock units (currently worth ...
Apple also had stronger-than-expected sales of Macs and iPads. The company’s gross margin was 46.9% at the high end of its guidance range and up 70 basis points.
Apple stock received a rare downgrade to "sell" from an analyst on Tuesday. The downgrade highlights premium-valuation concerns and some negative headlines in recent months.
The top company release of the week will come on Monday when Apple will host its annual iPhone event. The event is expected to provide more details on Apple's Apple Intelligence AI platform.