Apple stock rose Tuesday after the consumer electronics giant announced a date for its annual fall product launch event.
Apple probably needs to do some succession planning for CEO Tim Cook.
Maestri, 60, will stay on in a reduced role that will include oversight of teams responsible for IT and real estate.
The global economic landscape is increasingly complex and unpredictable. One thing remains certain, however: Having a savvy, steady chief financial officer helming the finance function can do wonders for business success.
Recently, Zacks.com users have been paying close attention to Apple (AAPL). This makes it worthwhile to examine what the stock has in store.
With the date of Apple Inc.'s next iPhone event set, investors now know when the biggest upgrade cycle in the technology behemoth's history, driven by artificial intelligence, will kick off, according to Wedbush analyst Dan Ives.
Close on the heels of Apple, Inc. 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.
Apple Chief Financial Officer Luca Maestri is set to step down at the start of next year. Maestri will exit the CFO office starting Jan. 1 but continue to lead Apple's corporate services teams, according to a Monday (Aug. 26) press release.
Yesterday, Apple announced that it would hold its annual iPhone launch event on September 9, 2024.
24/7 Wall St. Insights Apple Inc. (NASDAQ: AAPL) has the cash war chest to stay in the streaming business forever, but should it?
Apple (AAPL) shares are likely to remain in focus ahead of a Sept. 9 event where the tech giant is expected to unveil the iPhone 16 with artificial intelligence (AI) capability, as well as new versions of the Apple Watch and AirPods.
Even after selling a large chunk of this business, Berkshire Hathaway still has a sizable stake. This company hopes AI can help it sell more of its flagship product.