advertising

Apple loses second retail exec in as many months

Negar Salek

Apple’s executive retail team is enduring another re-shuffle with Jerry McDougal, vice-president of retail, reportedly leaving the iPhone maker.

Apple confirmed the departure with the Wall Street Journal ‘s technology news website AllThingsD. The Apple spokesperson said it had filled the position with VP of finance, Jim Bean.

Mr McDougal joins a growing list of recent executive departures at Apple including head of retail John Browett; iPhone software chief Scott Forstall; and maps manager Richard Williamson.

Apple retail store watcher webstite ifoAppleStore.com says Mr McDougal was a potential candidate to assume the position left vacant by retail cheif Mr Browett.

It said Mr McDougal left on Friday to spend more time with his family.

In an interview with Bloomberg, Steve Dowling, a spokesman for Apple, said: “Retail has an incredibly strong network of leaders at the store and regional level.

Apple CEO Tim Cook continues to seek a new senior vice president to run the company’s retail operations, according to Dowling who told Bloomberg in an interview.

Addding to the gadget maker’s woes, reported weaker demand for the iPhone saw its share price fall below $US500 a share on Monday for the first time since February.

Microsoft Surface sales estimates downgraded, again
Top NBN executive laid off following restructure
Facebook CEO Mark Zuckerberg unveils search tool
Vodafone shuts down Crazy John’s

Comments

Market Summary

Price % Chg
HGG HEND GROUP $ 3.785 + 6.32%
LNG LNG LTD $ 3.750 + 5.93%
RRL REGIS $ 1.395 + 5.68%
SXL STHNXMEDIA $ 0.970 + 5.43%
BCI BCIRON $ 1.075 + 5.39%
RSG RESOLUTE $ 0.322 - 5.29%
NST NTH STAR $ 1.102 - 5.00%
AGI AINSWORTH $ 3.040 + 4.83%
NCM NEWCREST $ 9.300 - 4.71%
PMV PREM INV. $ 10.670 + 4.51%

Commodities

Price Change % Chg
BRENT SPOT (USD/BBL) 85.840 0.000 0.00%
LIGHT CRUDE DEC4 (USD/BBL) 80.760 - 0.360 - 0.44%
NAT GAS DEC14 (USD/MMBTU) 3.837 + 0.010 + 0.26%
Bid Ask Bid Chg Bid % Chg
GOLD (USD/OZ) 1194.27 1195.18 - 4.37 - 0.36%
SILVER (USD/OZ) 16.31 16.39 - 0.11 - 0.67%
PLATINUM (USD/OZ) 1238.25 1241.25 + 0.55 + 0.04%
PALLADIUM (USD/OZ) 778.55 781.55 + 4.05 + 0.52%

Markets Data »

Currencies

AUD USD EUR JPY GBP
AUD AUD 0.8798 0.6994 97.18 0.5504
USD 1.1364 USD 0.7949 110.47 0.6257
EUR 1.429 1.2578 EUR 138.95 0.7867
JPY 0.0103 0.0090 0.0072 JPY 0.0057
GBP 1.816 1.5984 1.2706 176.58 GBP

Markets Data »

Stock price lookup

My Watchlists

You need to be logged in to see your watchlists.

My Portfolios

You need to be logged in to see your portfolios.