Reported about 1 month ago
Following Apple’s strong fiscal earnings and the announcement of new AI initiatives, CFO Luca Maestri will step down at the end of the year, with Kevan Parekh taking his place. Analysts expect the transition to be smooth, as Parekh has worked closely with Maestri for nearly a decade. Despite some uncertainties, they predict little change in Apple’s financial practices and anticipate significant growth potential in the upcoming iPhone 16 upgrade cycle, driven by AI technology.
Source: YAHOO