Apple sold the largest amount of Macs in a single quarter and posted a year on year growth rate the rest of the personal computer industry hasn't enjoyed in four years.
Chief financial officer Luca Maestri said Apple had beaten the PC industry average in 32 of the last 33 quarters.
Apple sold 4.4 million Macs in the three months to June, 18 percent more compared to the same period the previous year, with revenue from its oldest line accounting for 15 percent of the company's total sales of $37.4 billion.
Apple reported $37.4 billion in revenue, 5 percent more than the same quarter in 2013 and a record for the company in the April-June period. CEO Tim Cook called out the Mac and iPhone, as well as the iTunes ecosystem, as the drivers for the quarter.more ..
CFO Interview: Paul Pomroy, CFO and Senior VP, McDonald’s, UK and North West Europe
- Microsoft posts 18% revenue rise thanks to cloudProfits for the quarter were down, however
- Cybercrime wave hits European banksThe funds transfers are affecting 34 institutions, according to a new report
- 'Nadella Effect' makes Ballmer $2.8bn richerAnd since Thursday's downsizing, CEO Satya Nadella has an extra $1.3M in his portfolio
- Credit Suisse ramps up IT overhaul to cut costsConsolidating and simplifying IT networks
Tesco's announcement today that boss Philip Clarke is to leave proves that's no longer the case
A look at recent corporate history will show that when a successful company starts to hit the rails it can often result in a clash between the CEO and the CFO over strategy. When this occurs of the two most senior executives it will usually be the ... read more ..
The role of the CFO and the board in strategic risk governance
The latest research shows that many companies are finding their risk management processes inadequate. As the executive primarily in charge of risk, the finance chief has a critical role to play. With the right support, the CFO can bring a systemat ... read more ..
In M&A a cyber attack on a target company could have a material impact on its value
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Most CFOs are Baby Boomers or Generation X-ers – the difference in mindset is huge
The Millennials are here. This so-called Generation Y – born between 1981 and 2000 – are out of school, through university and they are arriving in the workplace.... read more ..