02/03, 1:35pm
Info stems from meeting with Apple execs
Apple is likely uninterested in building a MacBook Air with an ARM-based processor, says Citigroup's Richard Gardner. The analyst met with Apple CEO Tim Cook and CFO Peter Oppenheimer at the company's Cupertino campus on Thursday, when among other things Cook repeated a view that iOS expansion will eventually result in tablets outselling conventional PCs. "We have wondered whether Apple might offer an ARM-based version of the MacBook Air at some point; we walked away from this meeting with the impression that Apple feels iPad satisfies -- or will soon satisfy -- the needs of those who might have been interested in such a product," writes Gardner in a new memo.
more
12/09, 4:25pm
Apple uses Oppenheimer as interim retail lead
Apple's chief finance officer Peter Oppenheimer is temporarily filling in as the company's retail lead while it looks for a replacement for former retail senior VP Ron Johnson, a rumor maintained Friday. He was considered an interim leader by 9to5's source and was delegating broader orders to Real Estate VP Bob Bridger, international retail operations director Steve Cano, and merchandising VP Jerry McDougal. Neither Bridger nor McDougal were considered in the running, although one rumor had Cano as a candidate.
more
11/04, 7:30pm
Apple SEC filing shows huge bonus payouts
Apple on Friday sent filings to the SEC that showed one of the larger bonus payouts to its senior vice presidents in recent memory. iOS head Scott Forstall, Hardware Engineering's Bob Mansfield, CFO Peter Oppenheimer, Worldwide Product Marketing lead Phil Schiller, general legal counsel Bruce Sewell, and operations head Jeff Williams all received share awards of 150,000 shares each. At current market values of about $400 per share, each will have made $60 million if they cashed in the same day.
more
08/04, 9:45pm
Highlights from meeting with COO, CFO
RBC Capital technology analyst Mike Abramsky had a meeting yesterday with Apple's acting CEO and COO Tim Cook along with CFO Peter Oppenheimer, and while not directly quoting either executive, commented on his own "takeaways" from the meeting, confirming among other things that Apple is indeed planning a low-cost iPhone -- if it can be a "innovative, category-killer experience," reports Tiernan Ray at Barron's.
more
07/19, 5:45pm
EPS guidance low due to "product transition"
During Apple's quarterly financial conference call, CFO Peter Oppenheimer announced that the company has changed its accounting rules to accommodate new services such as iCloud. The cloud-based services are said to be worth approximately $22, requiring the company to defer $22 in revenue for each Mac sold from June on.
more
05/05, 11:05am
Company claims software driving product cycles
Apple will likely reveal "major feature/function updates" at this year's WWDC in early June, says Morgan Stanley analyst Katy Huberty. The prediction is based on a meeting with key Apple executives, including CFO Peter Oppenheimer, senior retail VP Ron Johnson and VP of Internet services Eddy Cue. During the gathering the executives explained that Apple "generally views product cycles as software driven," according to Huberty.
more
02/28, 11:55am
Hopes products not 'just for the rich'
Apple has "clever things" planned in order to address the prepaid market for iPhones, says COO Tim Cook. The executive joined CFO Peter Oppenheimer and VP of Internet Services Eddy Cue in speaking with Toni Sacconaghi, an analyst with Bernstein Research. While the iPhone is in high demand, a new model can cost at least $600 off-contract. Apple doesn't want its products to be "just for the rich," according to Cook, and is "not ceding any market." He notes that the company has spent "huge energy" in China, said to be a "clasic prepaid market."
more
01/06, 4:05pm
Rep insists Oppenheimer is 'extremely happy'
The CFO of the Blackstone Group, Laurence Tosi, was recently approached to see if he would be willing to take on the same job at Apple, say three Bloomberg sources. Two of the sources claim that Tosi then informed Blackstone CEO Stephen Schwarzman he was planning to stay. An Apple spokesman, Steve Dowling, insists that the company is "not conducting a CFO search."
more
12/29, 4:00pm
Recipients go unlisted
Two executives and two board members at Apple donated over $3 million in stock this month, according to Securities and Exchange Commission filings. All of the donations took place between the 10th and the 17th; the biggest one is noted to have been made by board member Millard Drexler, also currently the CEO of J. Crew. He donated 6,800 shares on December 14th at a closing price of $320.29 per, making the offering worth about $2.178 million.
more
09/01, 11:30am
Efforts to close gap not having any effect
Apple is still unable to cope with interest in the iPhone 4, two of the company's key executives indicate. A Deutsche Bank analyst, Chris Whitmore, recently met with CFO Peter Oppenheimer and senior VP of retail Ron Johnson to discuss the state of sales. "iPhone 4 demand remains very robust and despite efforts to close the supply-demand imbalance and the continued supply ramp, Apple still cannot meet iPhone demand," Whitmore says of the discussion.
more
03/26, 12:40pm
Individuals claim tens of millions in profit
Several Apple executives have become even richer after a stock selloff on Thursday, Fortune reports. Over a million restricted Apple shares became fully vested on Wednesday, and the next morning, four executives sold most of them under a Rule 10b5-1 trading plan. COO Tim Cook is noted to have profited most, having sold 300,000 shares at prices ranging from $226.90 to $230.70; the shares were originally worth $72.01 apiece. Cook's total haul is noted to have been $68.8 million, although $32 million was diverted to taxes.
more
09/08, 12:10pm
Denies some expected features
Apple is unlikely to turn the Apple TV into a DVR set-top, despite analyst suggestions and hints in patents, says research firm Caris & Company. Analysts from the firm are said to have met recently with Apple CFO Peter Oppenheimer, who immediately tried to dispel rumors. "While some have wondered whether Apple might ultimately try to integrate traditional cable set-top box (decoding) functionality into its Apple TV product," a Caris investor note reads, "Mr. Oppenheimer pretty much killed that concept and said that it just doesn't fit Apple's business."
more
