Apple Inc.’s departing chief financial officer Peter Oppenheimer presided over a sales boom that filled company coffers with a record cash pile. His successor, Luca Maestri, inherits a company stung by slowing growth and increasing scrutiny of how it handles that hoard.
Goldman Sachs Group Inc. recommends buying raw materials stocks as commodities including oil, zinc and copper rally, Finanz und Wirtschaft reported, citing Peter Oppenheimer , chief global equity strategist at the bank.
Apple Inc.’s iPhone sales over the holiday season and revenue projections for the current quarter trailed analysts’ estimates, adding to evidence that its flagship product is losing steam as a growth engine in a crowded smartphone market.
Apple Inc., targeted by Greenpeace International over its energy consumption, said its 500,000- square-foot data center in Maiden, North Carolina, will be powered entirely by renewable sources by the end of the year.