TOP EARNINGS AT APPLE
In mid-October, when Apple released its fourth-quarter financial results, its senior vice president and chief financial officer Peter Oppenheimer MBA ’87 was on hand to tout the company’s all-time record Mac and iPad sales, along with its highest September quarter revenue and earnings ever. Apple listed its quarterly revenue at $28.27 billion, with a net profit of $6.62 billion, from sales that included 17.07 million iPhones, 11.12 million iPads, 4.89 million Macs, and 6.62 million iPods. During a conference call to discuss the fourth-quarter report, Oppenheimer noted that the iPhone is in the process of being deployed or tested by 93 percent of Fortune 500 companies. Oppenheimer started at Apple in 1996 as controller for the Americas. He reports to the CEO, serves on the company’s executive committee, and oversees the controller, treasury, investor relations, tax, information systems, internal audit, and facilities functions.