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