Apple must have been satisfied with its 2012 financial performance, as its Chief Financial Officer, Peter Oppenheimer, was the highest paid among all CFOs last year.
Oppenheimer, under whose watch Apple’s cash pile grew to roughly $ 120 billion in 2012, saw a compensation package of $ 68.6 million for the year, according to data compiled by Bloomberg. That figure is more than 16 times Apple CEO Tim Cook’s compensation for the year.
Stock grants compromised the lion’s share of Oppenheimer’s pay for the year, the fifth-highest among all S&P 500 executives. The Apple CFO’s $ 68.6 million pay was way out front of the $ 51.7 million earned by tech’s next-highest compensated CFO, Oracle’s Safra Catz. Google’s Patrick Pichette was No. 3 at $ 38.7 million.
Oppenheimer’s financial management has allowed Apple to pile up cash holdings in excess of what many companies earn yearly. Oppenheimer has kept two-thirds of Apple’s holdings outside the U.S., thereby saving the company billions in corporate tax payments.
Apple’s CFO also put together the company’s recent bond offering, which will allow savings of $ 9.2 billion in taxes by borrowing against its cash hoard instead of bringing its overseas cash back home.
Oppenheimer became CFO in 2004, previously serving as corporate controller and vice president and worldwide sales controller.
A full-year report released by the Association of American Publishers Thursday reports that ebooks accounted for 22.55 percent, or nearly a quarter, of U.S. book publishers’ sales in 2012 up from 17 percent of sales in 2011 and 3 percent in 2009.
paidContent, via The Loop:
Revenues for the total U.S. trade book industry — in which the AAP includes religious publishing — were $ 7.1 billion in 2012, up 6.2 percent from the previous year. Of that, $ 1.54 billion came from ebooks: $ 1.25 billion from adult fiction and nonfiction, $ 232.8 million from children’s/young adult and $ 57 million from religious books.
Ebook growth continued to plateau, however, suggesting that the industry is maturing.
The report did not break down ebook sales by format or device.
The data comes from the AAP’s monthly StatShot reports, which survey around 1,200 publishers on category and format sales.
Research firm IDC has released their latest report on the “smart connected device” market, which includes worldwide shipments of desktop PCs, notebook PCs, smartphones, and tablets. The report shows Apple significantly closing the gap on Samsung during the last quarter of the year, jumping from 15.1% in Q3 to 20.3% of unit shipments in Q4 2012.
Looking specifically at the results for the fourth quarter of 2012 (4Q12), combined shipments of desktop PCs, notebook PCs, tablets, and smartphones was nearly 378 million and revenues were more than $ 168 billion. In terms of market share, Apple significantly closed the gap with market leader Samsung in the quarter, as the combination of Apple’s iPhone 5 and iPad Mini brought Apple up to 20.3% unit shipment share versus 21.2% for Samsung.
Market leader Samsung dropped slightly from 21.8% to 21.2% in the fourth quarter.
To no one’s surprise, Apple took the crown for revenue share, grabbing 30.7% of the market compared to just 20.4% for Samsung by revenue.
Apple’s growth was most likely driven by sales of the iPad and iPad mini. IDC reports that growth in the market was driven mostly by a 78.4% year-over-year growth in tablet shipments. IDC expects tablet shipments to outpace desktop PCs by the end of 2013, and to overtake portable PC shipments in 2014.
In the app world, there are several heavyweights, the app publishers who dominate and make more money than any other. App Annie has released the top 52 publishers of 2012 based off combined annual revenue, and counting both App Store and Google Play sales.
EA tops the list, followed by Zynga, Japanese developer GREE and Gameloft. Rovio only comes in 14th, while CAPCOM comes in 10th. Apple, which makes most of its app money of the mobile iLife and iWork suites, is in fifth – impressive considering it’s exclusive to one platform.
Our premium service App Annie Intelligence uses advanced statistical models combined with anonymized datapoints to generate the most accurate market estimates available for app stores today. App Annie sits on the most comprehensive market data for Google Play and iOS app store ecosystems. We use this data to define the Top 52 in terms of total worldwide iOS and Google Play combined revenue from January to December 2012 inclusive.
You can check out the full 52 over at App Annie’s site. Some big names include Activision at #47, Namco at #35 and SEGA at #22.
Apple’s ultra-thin new iMacs have faced their fair share of shortages and manufacturing delays, after seeing ship times of up to 5-6 weeks at the time of launch. Fortunately, it appears that Apple has finally caught up to demand.
Earlier this month, ship times from the Apple Online Store were updated to reflect near immediate availability, and Apple has now added the new iMacs to their employee discount purchase program – a sure sign that the supply issues are now a thing of the past.
News of the discount came directly from Apple employees, as noted by 9to5Mac, many of whom are no doubt very excited to get their hands one one of the new machines at a healthy discount.