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Visu uses AI to transform SEC filings and press releases into accurate summaries of earnings and key company events.
Apple Appoints New Principal Accounting Officer Effective 2026
Apple Inc. has announced the appointment of Ben Borders as the new Principal Accounting Officer, effective January 1, 2026. He will succeed Chris Kondo in this role. Mr. Borders has been with Apple since November 2010 and has previously served as the Director of Technical Accounting.
The company has confirmed that there are no family relationships between Mr. Borders and any of Apple’s directors or executive officers. Additionally, there are no transactions between Mr. Borders and Apple that require disclosure under regulatory guidelines.
linkJan 02, 2026 16:30:52
Apple Announces New General Counsel Appointment Effective 2026
Apple Inc. announced that Jennifer Newstead will become the company's general counsel on March 1, 2026. She will transition into the role following the current general counsel, Kate Adams, who has held the position since 2017. Newstead will join Apple as senior vice president in January and will report directly to CEO Tim Cook while serving on the executive team.
Kate Adams will continue at Apple overseeing the government affairs organization until her planned retirement in late 2026. After her retirement, the government affairs organization will be led by Newstead, marking a significant change in the company's leadership structure.
linkDec 05, 2025 16:31:42
Apple Reports Record Revenue and Earnings for Q4 2025
Apple Inc. announced its financial results for the fourth fiscal quarter ended September 27, 2025, reporting a revenue of $102.5 billion, which is an 8 percent increase compared to the previous year. The diluted earnings per share (EPS) reached $1.85, marking a 13 percent year-over-year growth on an adjusted basis. The company also achieved record revenues for both iPhone and Services during this quarter, contributing to a total annual revenue of $416 billion for fiscal year 2025.
Additionally, Apple’s board of directors declared a cash dividend of $0.26 per share, which will be payable on November 13, 2025, to shareholders of record by November 10, 2025. The company highlighted the successful launch of its new product lineup, including the iPhone 17 series and the latest AirPods and Apple Watch models, as factors driving customer satisfaction and loyalty. The installed base of active devices reached an all-time high across all product categories and geographic segments.
linkOct 30, 2025 16:30:35
Apple Reports Record Revenue and Earnings for Q3 2025
Apple Inc. announced its financial results for the third fiscal quarter ended June 28, 2025, reporting a total revenue of $94.0 billion, a 10% increase compared to the previous year. The company achieved a quarterly diluted earnings per share (EPS) of $1.57, reflecting a 12% growth year over year. This growth was driven by strong performance in iPhone, Mac, and Services across all geographic segments. Additionally, the installed base of active devices reached an all-time high, indicating high customer satisfaction and loyalty.
The company's board of directors declared a cash dividend of $0.26 per share, which will be payable on August 14, 2025, to shareholders of record by August 11, 2025. Apple also plans to host a live streaming conference call on July 31, 2025, to discuss these financial results. Investors can access further information on Apple’s corporate and investor relations websites, which include financial performance details and other relevant updates.
linkJul 31, 2025 16:30:25
Apple Appoints New Chief Operating Officer Effective July 2025
Apple Inc. has announced the appointment of Sabih Khan as its new Chief Operating Officer, effective July 25, 2025. Mr. Khan, who has been with Apple since 1995, succeeds Jeff Williams in this role. His previous positions at the company include Senior Vice President of Operations and Vice President of Product Operations.
The company has entered into its standard indemnification agreement for executive officers with Mr. Khan. There are no reported family relationships between Mr. Khan and any other directors or executive officers, nor are there any transactions that require disclosure under applicable regulations.
linkJul 25, 2025 16:30:49
Apple Announces Leadership Transition in Operations Department
Apple Inc. has announced that Jeff Williams will transition from his role as Chief Operating Officer to Sabih Khan, the Senior Vice President of Operations, effective later this month. This change is part of a planned succession, and Williams will continue to report to CEO Tim Cook while overseeing the design team and Apple Watch, as well as health initiatives.
Following Williams' retirement later this year, the design team will report directly to Tim Cook. This leadership change may influence the company's operational strategies and product development as it moves forward with its current initiatives.
linkJul 08, 2025 21:18:13
Apple Reports Q2 2025 Revenue Growth and Dividend Increase
Apple announced its financial results for the second quarter of fiscal 2025, reporting quarterly revenue of $95.4 billion, a 5 percent increase from the previous year. Diluted earnings per share reached $1.65, marking an 8 percent rise year over year. The company highlighted growth in its Services segment and noted a substantial operating cash flow of $24 billion, contributing to a total of $29 billion returned to shareholders during the quarter.
Additionally, Apple’s board of directors declared a cash dividend of $0.26 per share, representing a 4 percent increase, payable on May 15, 2025. The board also approved a stock repurchase program of up to $100 billion. Apple's installed base of active devices has reached an all-time high, reflecting strong customer loyalty and satisfaction across all product categories and regions.
linkMay 01, 2025 16:30:21
Apple Q1 2025 Revenue Reaches $124.3 Billion
Apple reported record revenue of $124.3 billion for its fiscal Q1 2025, reflecting a 4 percent increase compared to the previous year. The company also achieved a new high for earnings per share at $2.40, up 10 percent year over year. Additionally, services revenue reached an all-time record, and the active device installed base grew across all product lines and regions. The board declared a cash dividend of $0.25 per share, payable in February 2025, and returned over $30 billion to shareholders during the quarter.
On the downside, while overall revenue grew, the sales of certain product categories showed declines, such as the iPhone and Greater China market. The company's cash flow from operating activities decreased significantly to $29.9 billion compared to $39.9 billion in the same quarter last year. Moreover, there were notable increases in accounts payable and other liabilities, indicating potential cash management challenges. Overall, while the company achieved strong revenue and earnings growth, there were some areas of concern regarding product performance and cash flow.
linkJan 30, 2025 16:30:23
Apple Q4 Revenue Reaches $94.9 Billion Amid Tax Charge
Apple reported a quarterly revenue of $94.9 billion for the fiscal 2024 fourth quarter, marking a 6 percent increase from the previous year. The company attributed this growth to strong sales of the new iPhone 16 lineup and other products, with services revenue also hitting an all-time high. Additionally, Apple generated nearly $27 billion in operating cash flow and returned over $29 billion to shareholders through dividends and stock buybacks. The active installed base of devices reached a new record, indicating high customer satisfaction and loyalty.
However, the financial results were impacted by a significant one-time tax charge of $10.2 billion related to a reversal of a European court decision, which affected net income and diluted earnings per share. The diluted earnings per share, adjusted for this charge, were reported at $1.64, while the basic earnings per share stood at $0.97. This tax charge illustrates the financial challenges Apple faces in global regulatory environments, despite its strong overall performance in the quarter.
linkOct 31, 2024 16:30:25
Apple Achieves Record Revenue and EPS Growth in Q3
Apple reported strong financial results for its third quarter, with revenue reaching $85.8 billion, a 5% increase from last year. Earnings per share rose by 11%. The company also highlighted record services revenue and a growing number of active devices. Additionally, Apple announced a cash dividend of $0.25 per share, reflecting its solid cash flow and commitment to returning value to shareholders.
linkAug 01, 2024 16:30:26