SVP of Corporate Services, Apple
Search every verified Luca Maestri interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Luca Maestri, Apple's Senior Vice President of Corporate Services, has discussed the company's operational philosophy and values in several public appearances. In a 2017 conversation at the Consulate General of Italy in New York, Maestri described Apple as "the representation of pursuing perfection and excellence in everything that we do," adding that the company is "a hybrid of working for an army because it's truly an incredible execution machine." He stated that Apple makes decisions "that have nothing to do with the financial return," citing investments in renewable energy as an example of doing "what is right and not necessarily what is convenient." Maestri also emphasized the importance of the company's integrated platform of hardware, software, and services, and noted that Apple's investment in Naples aims to create a "vibrant developer community in Italy." In a separate 2017 appearance, Maestri highlighted Apple's lean financial operations, stating that the company runs its finances "with about half the size of some of the companies that I worked for before, which were a tenth the size of Apple." He noted that a team of seven manages $230 billion of cash, and that he tells his finance team not to benchmark others "because you can only get bad ideas." In a 2019 event with the Osservatorio Permanente Giovani-Editori in Italy, Maestri spoke about the importance of young people to Apple, noting that the company's average age is low and that "the vast majority of people are young people between 20 and 30 years old." He encouraged young people to identify their talents and build their passions, stating that "good work is work that is fun and teaches."
“Apple is really the representation of pursuing perfection and excellence in everything that we do. The company is a hybrid of working for an army because it's truly an incredible execution machine, delivering a volume of products that requires flawless execution.”
“We are a company of very strong values and in certain cases we make decisions that have nothing to do with the financial return. We do what is right and not necessarily what is convenient, such as investing in renewable energy for all our offices worldwide.”
“We run the finances of Apple with about half the size of some companies that I worked for before, which were a tenth the size of Apple. We believe that if we have the right people, we don't need a lot of them.”
“The key to Apple's success is our platform: the ability to integrate hardware, software, and services into an ecosystem that attracts consumers to come back. It's not just the next version of the iPhone but the continuous software upgrades and improved services.”
“Accessibility is very important for us in hiring because engineers with disabilities help us be excellent at developing accessibility features in our products.”
“The main objective of our investment in Naples is to create a vibrant developer community in Italy, ensuring a pipeline of talent for app development and providing real opportunities for students after the program.”
“If you have the ambition and willingness to take some limited amount of risk, the global opportunities are there. The internet has made the world flat, and it's much easier to have these opportunities today than 30 years ago.”
“The center of gravity in trade flows has gone back to China and India. By 2050, 60% of the world will be either Indian or Chinese, so paying attention to these markets is essential.”
“The situation with the EU and the $13 billion tax dispute with the Irish government is an absurd punishment because the Irish government doesn't want that money. Companies need to accept that such outcomes are possible and engage in dialogue to influence outcomes.”
“The perception people have of Apple from the outside cannot necessarily be what the company is. While Apple is a great center of innovation and creativity, internally it is very much about flawless execution and serving the company rather than individual ego.”
“We run the finances of Apple with about half the size of some of the companies I worked for before. We believe that quality is more important than quantity, and we run the company very lean.”
“I tell my finance team not to benchmark anybody else because you can only get bad ideas. We believe that if we have the right people, we don't need to compare ourselves to others.”
“The group that manages $230 billion of cash is a team of seven. When I look at my counterparts in other large companies, they have multiples of those resources, but we really believe that with the right people, we can operate efficiently without extensive resources.”
“We ended the quarter with over 162 billion in cash and marketable securities. We increased commercial paper by 2 billion, leaving us with total debt of 100 billion. As a result, net cash was 51 billion at the end of the quarter, and our goal of becoming net cash neutral over time remains unchanged. During the quarter,...”
“We expect our December quarter total company Revenue to be similar to last year. We expect iPhone Revenue to grow year over-year on an absolute basis. We also expect to grow after normalizing for both last year's supply disruptions and the one extra week. We expect Mac year-over-year performance to significantly accele...”
A conversation with Luca Maestri, CFO of Apple, held at the Consulate General of Italy in New York. Maestri discusses the Italian ...
Join Apple's CEO Tim Cook and CFO Luca Maestri as they present the company's latest financial results and business performance. This call covers key metrics, product highlights, and forward-looking statements from one of the world's most valuable technology companies. Listen to Cook and Maestri discuss Apple's strategies, market position, and future outlook. Essential viewing for investors, tech enthusiasts, and market watchers interested in Apple's current position and future direction in the competitive tech landscape. #earnings #earningscall #apple #aapl #timcook #earningsresults
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