In a major changing of the guard in Cupertino, Apple announced that Luca Maestri, cfo who has guided the company's finances with a steady hand for ten years, yes will withdraw at the end of the year. Effective January 2025, 11, the baton will pass to Kevan Parekh, current vice president of Financial Planning and Analysis and XNUMX-year Apple veteran. Despite the change, Maestri will continue to work in the company taking care of lead Business Services teams, including information systems, technology, cybersecurity, real estate and development, and will report directly to CEO Tim Cook. The actions Apple showed a moderate reaction to the news, with a slight decline of 0,9% at the opening.
Apple, the triumphs of Maestri
Luca Maestri, originally from Rome and graduated in Economics and Business from Luiss Guido Carli with an MBA from Boston University, had a prestigious career before joining Apple in 2013. With previous experience in General Motors e Nokia Siemens Networks, Maestri joined Apple as vice president and corporate controller, before being promoted to cfo in 2014, succeeding Peter Oppenheimer.
During his tenure, Maestri led Apple through a period of extraordinary growth and innovation. Under his direction, Apple's stock value is increased by 800% and the turnover of the company is more than doubled, going from 183 billion dollars in 2014 to 383 billion in 2023. Maestri led theexpansion in services, a sector that has seen revenues grow more than fivefold, and has helped make Apple the world's leading hi-tech company by capitalization. Cook praised Maestri for his crucial role in improving the company's financial performance and financial discipline applied in every sector.
But now it's Parekh's turn to face the market with new challenges, including growing competition in China and the wait for AI-related innovations. Parekh, who worked closely with Maestri and has 11 years of experience at Apple, was described by Cook as the ideal choice for the CFO role. “Kevan has been an essential member of our finance team. His experience, judgment and expertise make him perfect for this position,” said the top manager.
Apple, the iPhone 16 is coming: here's what we know
And while the changing of the guard goes smoothly, Apple is preparing for another big one news: I'iPhone 16. After surprising with better-than-expected sales in the third quarter, Apple expects further momentum thanks to the integration of AI in the new iPhone. The big one event's audience is set for the September 9th at the Cupertino headquarters, at 10:00 local time (19:00 Italian time).
But what do we know? The new iPhone 16 promises to be revolutionary, thanks to the integration of AI and powerful A18 chips. Experts predict that premium iPhone 16 models could feature one bigger screen and camera with a design completely renewed, along with new exclusive colourways.
In addition to iPhones, the September event will include the presentation of the new generation of Apple Watch. The Apple Watch Series 10 could sport a slimmer design and larger displays, while an update is also expected for the Apple Watch SE and Apple Watch Ultra.
- AirPods they will not be outdone: two new models of AirPods 4 are planned, one similar to the current ones and an advanced one with active noise cancellation (ANC), to satisfy both those looking for a basic solution and those who want a more sophisticated audio experience.
Finally, the event may include the announcement of iOS 18 release date, the new operating system that will introduce the novelty of Apple Intelligence.
