peter oppenheimer

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Today in Apple history: CFO Peter Oppenheimer retires from Apple

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Peter
Peter Oppenheimer oversaw a decade of explosive growth at Apple.
Photo: C-SPAN

March 4: Today in Apple history: Apple CFO Peter Oppenheimer retires March 4, 2014: Peter Oppenheimer, the Apple chief financial officer who presided over a decade of skyrocketing growth, steps down from the company.

After becoming Apple CFO in 2004, Oppenheimer saw the company’s valuation soar from $8.8 billion to $471 billion. Luca Maestri, current Apple senior vice president and chief financial officer, replaced Oppenheimer in this crucial position.

Apple CFO Joins Goldman Sachs Board of Directors

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Peter
Apple CFO Peter Oppenheimer testifying before a congressional panel in 2013
Photo: C-SPAN

Peter Oppenheimer doesn’t get a lot of the spotlight at Apple – unless you’re tuning into a quarterly earnings report – but the Apple CFO plays a huge role in Apple’s profitability and now he’ll be lending his talents to Wall Street by joining Goldman Sachs Board of Directors.

Goldman Sachs announced this morning that Oppenheimer will join the board immediately as an independent director of the firm:

Carl Icahn Says He Pushed Tim Cook Hard To Do A $150 Billion Buyback

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Carl Icahn is coo-coo for AAPL.
Carl Icahn is coo-coo for AAPL.
Photo: Forbes

Carl Icahn finally got his dinner date wish with Tim Cook last night, after the famous billionaire investor took to Twitter a few weeks ago to preach how Wall Street has seriously undervalued AAPL stock. Along with parading his optimism for Apple’s stock, Icahn purchased a major stake in AAPL stock and has been dying for Cupertino to issue more buybacks.

Apple Plans Conference Call For Third Quarter Earnings On July 23

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Apple Investor Call Q3

According to its investor’s page, Apple, Inc. will conference call with investors on July 23, 2013, discussing its financial performance for the fiscal third quarter of 2013, which ended June 30.

The call will be live streamed on Apple’s web page for anyone to listen in, and should cover revenue and sales figures. We can expect to hear from Tim Cook, CEO, and probably Peter Oppenheimer, CFO of Apple, both explaining the current performance as well as making some sort of financial forecast for the coming quarter, Q4 2013.

Apple Publishes Opening Statements From Today’s Senate Hearing On Taxes

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Apple has published the opening statements read by CEO Tim Cook and CFO Peter Oppenheimer earlier today at the U.S. Senate Subcommittee hearing on corporate taxes. The hearing lasted several hours and was televised live on CSPAN.

Senators like Carl Levin, John McCain, and Rand Paul were present to lead the committee and hear from industry experts. Apple was called to the stand to explain why it stores a large percentage of its billions in cash overseas.

Apple: The U.S. Tax Code Is So Broken, We’re At A Competitive Disadvantage Against Samsung

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U.S. Senator Rob Portman from Ohio has just raised a fascinating point at today’s Senate Sub-Committee Hearing to Examine Offshore Profit Shifting and Tax Avoidance by Apple Inc.

The American corporate tax system is so broken that Apple is at a competitive disadvantage against Samsung when it comes to the taxes it pays globally, and how easily it moves its money around.

Ireland Says It’s Not To Blame For Apple’s Low Tax Bill

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Apple CEO Tim Cook and CFO Peter Oppenheimer are in Washington D.C. this morning to talk to a Senate subcommittee about Apple’s off-shore cash hoard. The Apple execs are expected to face a lot of heat surrounding Apple’s Irish subsidiary, through which Apple has funneled 64% of its earnings without paying any tax, yet has zero employees.

Before the hearing got underway though, Ireland’s deputy prime minister, Eamon Gilmore, issued a public statement which claimed Ireland isn’t to blame for Apple’s low tax bill, even though the country has become a tax haven for multinationals since the 1960s.

4 Of The 5 Highest-Paid Execs In The U.S. Work For Apple

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Apple-highest-paid

Four out of the five highest-paid executives in the United States work for Apple, Bloomberg Businessweek reports, but not one of them is CEO Tim Cook.

According to fiscal 2012 compensation figures for top earners filed with the U.S. Securities and Exchange Commission (SEC), Apple’s Bob Mansfield, Bruce Sewell, Jeffrey Williams, and Peter Oppenheimer join Oracle CEO Larry Ellison to make up the top five corporate earners last year.

Here Are All The Important Numbers From Today’s Apple Earnings Call

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Last quarter was bright but the future's even brighter, according to Apple.
Last quarter was bright but the future's even brighter, according to Apple.

Apple just posted one of their most successful financial quarters ever. A bunch of records were broken for iPad sales, iPhone sales, net revenue, and net profit.

Sorting through the pile of information and numbers Tim Cook and Peter Oppenheimer just gave us can make your head spin, so we’ve broken it down for you. Here are the most important numbers you need to know from today’s earnings call:

Analyst: There’s Little Possibility That The Apple HDTV Will Launch Any Time Soon

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Until Apple can get the cable companies to play ball, its TV set will remain a rumor.
Until Apple can get the cable companies to play ball, its TV set will remain a rumor.

While we’re almost certain Apple is working on its own television set, when it will launch is a complete mystery. Initially it seemed the set could make its debut before the end of 2012, and then reports pushed the release date back until 2013. Now according to a new analyst report, it’s unlikely won’t be adding an Apple HDTV to your credit card bill any time soon.

Why? Apple’s senior vice president of internet software and services Eddy Cue has reportedly indicated to analysts that there’s still a lot of work to be done with content providers.

Beyond The Numbers: What Tim Cook Really Said In Apple’s Q3 2012 Financial Call

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Beyond just offering up the latest quarterly financial numbers, Apple CEO Tim Cook gave us glimpses of where Apple is heading.
Beyond just offering up the latest quarterly financial numbers, Apple CEO Tim Cook gave us glimpses of where Apple is heading.

Beyond the numbers, there were some tantalizing tidbits about Apple and the company’s future plans during today’s quarterly financial call. While nothing quite lived up to Tim Cook comparing Windows 8 to someone trying to converge a toaster and a refrigerator into a single device during the last call, there were several choice comments.

Apple’s Q3 2012 Financial Results Will Be Given On Tuesday, July 24th

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Apple Stores are cash cows for the most valuable company on earth.
Apple Stores are cash cows for the most valuable company on earth.

Apple has announced to investors that it will hold its official company earnings call for the Q3 fiscal quarter of 2012 on Tuesday, July 24th. The call with Apple CEO Tim Cook and CFO Peter Oppenheimer will take place at 2 p.m. PST, or, 5 p.m. EST. Per usual, the audio call will be streamed live via QuickTime on Apple’s Investor Relations web portal.

Cult of Mac will be providing breaking coverage during the earnings call. Apple reported $39.2 billion in revenue for Q2 2012, and the company is expected to report around $34 billion in revenue this time around. iPhone and iPad sales will likely account for a large portion of the call, and there’s a good chance we could see some early sales numbers for the new Macs Apple launched last month.

San Diego Schools Spend $15 Million On 26,000 iPads For Kids

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The iPad has proven to be a popular education tool among students.
The iPad has proven to be a popular education tool among students.

San Diego’s Unified Schools District has spent $15 million on almost 26,000 iPads that will be distributed across 340 classrooms this fall in what is reportedly one of the largest educational iPad purchases to date. The devices will be used by fifth- and eighth-grade students, in addition to some in high schools.

The Wait Is Almost Over! Apple Confirms That OS X Lion Will Be Available To Download Tomorrow!

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It’s confirmed. Apple has just announced that OS X is officially launching tomorrow! It was confirmed by no less a person than Apple’s Peter Oppenheimer! He didn’t mention a time, but 8:30AM ET is the most widely rumored launch hour right now.

Get ready for Lion, guys! It’s coming! If you haven’t already prepared for Lion, why not check out our how-to on preparing your Mac for Lion, the right way?