San Francisco – Apple Expands Buybacks By $30 Billion, OKs Seven-For-One Stock Split

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    The Apple logo is pictured at a retail store in the Marina neighborhood in San Francisco, California April 23, 2014. The company is set to announce its first quarter earnings. REUTERS/Robert Galbraith  San Francisco – Apple Inc has approved another $30 billion in share buybacks till the end of 2015 and authorized a rarely seen seven-for-one stock split, addressing calls to share more of its cash hoard while broadening the stock’s appeal to individual investors.

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    On Wednesday, Apple reported a 4.6 percent rise in March-quarter revenue to $45.6 billion, beating Wall Street’s projections after selling a sharply higher than expected 43.72 million iPhones.


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    TexasJew
    TexasJew
    9 years ago

    Time to buy a thousand shares after the split and will pay for all your childrens wedding and more. Long term.