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Apple Expands Buybacks By $30 Billion, OKs Seven-for-one Stock Split

By DMO Affiliate

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. 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.
Apple Expands Buybacks By $30 Billion, OKs Seven-for-one Stock Split



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Related Keywords:Apple Inc, Edwin Chan, SAN FRANCISCO, Stock market, App Store, Steve Jobs, IPhone OS

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