Luca Maestri

Apple users in China opting for iPhone makeover kits instead of buying iPhone 7

Some Chinese iPhone owners are giving their old models a makeover to look like the latest iPhone 7, rather than buying new - a trend that could dent Apple Inc's efforts to boost sales in what has been its biggest growth driver.

iPhone sales in India climbed 76 percent, says Apple CFO Luca Maestri

As red-hot sales in China show signs of cooling, Apple Inc executives are touting India's growing appetite for iPhones. In an earnings call in which the company reported meager iPhone growth and forecast its first revenue drop in 13 years, the Indian market stood out as a rare bright spot for Apple.

Apple shares fall 7 percent on weak forecast

Apple Inc shares slumped nearly 7 percent in after-hours trading as its fourth-quarter revenue forecast fell short of estimates and it missed some targets for iPhone sales.

Apple's iPad sales continue to fall; Mac is selling strong

Apple's iPhone was again the company's star in the first three months of the year. The tech giant sold 61 million iPhones, or 40 percent more than in the same period a year ago. That represented about two-thirds of its $58 billion in revenue.

Apple's new finance steward Maestri takes over $160 billion cash haul