“Sometimes it seems like everything Apple touches turns to gold,” Aaron Burt writes for TheStreet. “After all, Apple has created two of the top 10 best products ever made: the iPhone and the iPad. The iPhone changed the world forever, and it’s said to have generated $150 billion in revenue for Apple. Every smartphone and tablet to follow are mere copycats.”
“But this in itself isn’t a big news flash. Apple is always in the news. Everything it does is praised or criticized. So what’s up now?” Burt writes. “A stock split, scheduled for June 9. And it may be time to get in first. In April, Apple announced it is planning a 7-to-1 stock split. (The stock is currently trading above $606 a share, which the company views as a bit too high.) The split applies to shareholders who hold shares at the market close as of June 2.”
“Every move Apple makes is well thought out, and I suspect that they’ve got something brewing,” Burt writes. “Apple is cash rich, and investors know it. Are they releasing a new product? A smart car? A solution to world hunger? Well, maybe not, but the company has a way of surprising us.”
Read more in the full article here.
So many words to say absolutely nothing! “I suspect They’ve got something brewing” . . . Wow! What a Scoop!
Don’t be so hard on the guy. His editor probably gave him some inches to fill and it was a slow news day.
Hi editor has a few inches for him.
No no no. Apple has got nothing in development and is no longer innovative says the clueless rabid Apple hater without a hint as to what is in development in Cupertino nor correct historical perspective and would prefer to bet against the world’s Number One company. So SMART!
One day, writers might even become intelligent enough to overcome the urge to use apple-related words in headlines about Apple.
You know the sort of thing, phrases like, Apple sours, rotten to the core, juicy, squeezed, take a bite.
Sometimes it looks as through the writer thinks up a ‘tremendously witty’ headline and then hastily cobbles an article together to fit that headline.
I heard there might be a 7-for-1 stock split. Your $600 plus stock will become $80 plus stock.
What a tragedy. How will Apple get out of this hole?
Not sure if sarcastic, trolling, or just plain stupid.
Of course it’s sarcastic. Which makes you plain stupid.
Given the number of trolls and idiots (not including myself) that frequent this place, I believe my comment was justified.
You forgot the /s.
This is likely a move to make the stock price fall within certain guidelines of becoming listed as part of the Dow Jones Industrial Average.
If that’s the case, this will likely cause the stock to jump as entities add it to their portfolios.