Ron Burgundy Posted March 4, 2014 Share Posted March 4, 2014 By Sruthi Ramakrishnan and Edwin Chan SAN FRANCISCO (Reuters) - Apple Inc's Chief Financial Officer Peter Oppenheimer will retire and hand the reins to Luca Maestri in September, entrusting to the Italian-born executive a cash pile the size of Vietnam's economy and the difficult task of guiding Wall Street's expectations. The 50-year-old born in Rome is taking over with Apple at a crossroads. Managing investors' outsized expectations may become more difficult as Apple - facing slowing revenue growth and more aggressive competition - dives deeper into lower-margin but higher-growth emerging markets like China, where cheaper local players Huawei and Xiaomi dominate. "Maestri will be assuming this role at an interesting time - when Apple is in the midst of launching more services and likely needs to convince investors that it has more consistent revenue streams in a commoditizing smart phone market," Barclays analyst Ben Reitzes wrote on Tuesday. View the full article Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.