SAN FRANCISCO - Apple Inc has approved another US$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% rise in March-quarter revenue to US$45.6 billion, beating Wall Street's projections after selling a sharply higher than expected 43.72 million iPhones. More to come...
Post By http://business.financialpost.com/2014/04/23/apple-inc-unveils-7-for-1-stock-split-expands-share-buyback-by-us30-billion/
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