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|