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Apple CFO Denies Claims Of 75% Profit Margins On App Store: 'I Wouldn't Say They're Accurate'
Thursday, January 16, 2025 - 11:32pm | 609On Thursday, Apple Inc. (NASDAQ:AAPL) CFO Kevan Parekh refuted claims that the tech giant enjoys a 75% profit margin on its App Store. What Happened: Parekh, who succeeded Luca Maestri as CFO, was the first high-ranking executive from a major tech company to testify in the U.K. class action...
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Apple Investors Hope For 'More Of The Same' As CFO Transition Nears
Tuesday, August 27, 2024 - 1:56pm | 740Apple Inc. (NASDAQ:AAPL) is once again the center of Wall Street’s attention, and not just for its tech gadgets. The recent announcement that CFO Luca Maestri will be stepping down on Jan. 1, 2025, and will be succeeded by Kevan Parekh, the current vice president of Financial Planning and...
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Apple Analyst Says 'Historic' Upgrade Cycle Will Push Valuation Past $4 Trillion As Cupertino Sets Date For AI-Enabled iPhone Launch
Tuesday, August 27, 2024 - 8:50am | 640Close on the heels of Apple, Inc. (NASDAQ:AAPL) sending out invites for its Sept. 9 iPhone 16 launch event, an analyst at Wedbush maintained an Outperform rating and $285 price target for the stock. Biggest Upgrade Cycle: The launch of the artificial intelligence technology-enabled iPhone 16 in...