“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.