“We know at least two things are going to happen next Monday: Apple’s shares will spit 7 for 1,” Philip Elmer-DeWitt reports for Fortune. “Apple will give more than 5,000 developers new marching orders.”
“The stock has been on a tear since April, when the split, a small dividend increase and a big new share repurchase plan were announced. In mid-day trading Tuesday, Apple was setting new 12-month highs.,” P.E.D. reports. “Whether it’s got ahead of itself is the multibillion-dollar question, and on that opinions are divided.”
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