Boston, MA 03/05/2014 (wallstreetpr) – It is official, Apple Inc. (NASDAQ:AAPL) current Chief financial officer Peter Oppenheimer will be handing over reigns worth $160 billion to Italian born Luca Maestri in September. Oppenheimer will oversee the handing over of the biggest cash pile in the recent past estimated to be worth the size of Vietnam Economy. Lucas Maestri will be coming into a company grappling with stagnating sales growth as well as slow revenue growth.
There is no doubt Lucas Maestri will be taking over a company at a crossroad and in need of immediate working solutions considering the immense pressure from fierce rivals. Investors continue to mount unwavering pressure on the company, considering it has about $160 billionstack of cash that seem not to be helping it, fight the immense competition from other key industry players. Google Inc. (NASDAQ:GOOG) and Facebook Inc. (NASDAQ:FB) have cleverly demonstrated the use of huge stacks of money by acquiring cutting edge companies that are set to guarantee success in the coming months in terms of revenue.
Impending Challenges awaiting Lucas Maestri
Apple Inc. (NASDAQ:AAPL) is currently facing aggressive competition from Google and Samsung who continue to produce some of the best devices and software’s of which Apple will need to address sooner than later with its own. Apple sales have also been on a stagnating pattern over the past six years something that is of a worry to many investors and analysts of which Lucas Maestri and his marketing team will need to address.
Apple Inc. (NASDAQ:AAPL) has reached a point where it needs to convince its investors of its ability to guarantee consistent revenue streams in the coming years especially in the smartphone market which continue to change with each passing second. Maestri will come into the fold with lots of experience having worked far and wide from Brazil to Thailand and is not expected to cause any radical changes to Apple capital return strategy.
Many people wait to see if the change in guard will cause Apple Inc. (NASDAQ:AAPL) to produce the next big thing in the market that many people have been yearning for. The current CFO of Mr. Oppenheimer will be stepping down having overseen a successful $100 billion capital return over the past year. The current CFO is also accredited as the architect behind the transformational of Apple Inc. (NASDAQ:AAPL) from only being a hardware sales company to being one of the biggest players in the software and digital industry
