Peter Oppenheimer quietly presided over one of the most remarkable runs in the technology industry's history. By Verne Kopytoff Apple CFO Peter Oppenheimer speaking at a Congressional hearing in...
The chief financial officer of Apple, Peter Oppenheimer, will retire at the end of September, with Luca Maestri, Apple’s vice president of Finance and corporate controller, succeeding him, the company announced Tuesday.
Apple's stores are among the most successful brick-and-mortar shops around, generating more revenue per square foot than any other retailer in the United States, including Tiffany.
During the company's last earnings call, CFO Peter Oppenheimer said Apple's 372 stores collectively generated $4.1 billion in revenue. That's a vast sum, and one that might lead you to believe that Apple sells most of its gear through its own stores. But that's not the case, according to a new study by Consumer Intelligence Research Partners (CIRP).
Apple sold almost 5 million iPads during its March quarter--and it still couldn’t keep up with the demand, company executives said during a quarterly earnings call on Wednesday.
CFO Peter Oppenheimer said the company has not been able to keep its preferred 4-6 weeks of inventory. "We sold every iPad 2 we could make during the quarter and would have liked to have ended the quarter with more channel inventory."
A total of 4.67 million iPads were sold--including both the older and newer models. The company recognized $2.8 billion on revenue