Nothing you need to do. It will happen automatically in June, so long as you are still a holder of the stock on the date they set.
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Apple Reports Record March Quarter Results, Splits Stock 7-for-1, and Boosts Share Buyback
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Nothing you need to do. It will happen automatically in June, so long as you are still a holder of the stock on the date they set.
Guidance for next quarter is terrible though
I view the guidance as quite good. Calculating the lower end revenue guidance with the lower end margin guidance gives them a quarterly profit of $13.32 billion compared to $11.62 billion for the past quarter. Nothing wrong with that!
EDIT: Never mind. I think I did my math wrong. Oh well. The investors seem happy after hours.
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Stocks priced too high weigh too heavily on the Dow when they rise and fall based on their formula. Apple at $80 fits their model.
Check this out... http://www.fool.com/investing/general/2013/09/12/heres-why-apple-isnt-a-dow-stock.aspx
The picture is for stock PRICE. So now imagine Apple's slice being 1/7th of that, and it's much more do-able.
People don't need to upgrade their iPads.
The market segment has become saturated.
It's going to happen to the iPhone soon enough
I agree with an earlier post concerning upgrade cycles. I know people still using and loving their iPad 1s and 2s. I doubt those with the iPad Air will be updating any time soon either. Apple knows this and has planned for it.
Depends on what will happen with the iPhone 6.
The market research experts on this message board keep insisting on the "fact" that "nobody wants tiny iPhones", so technically there's a huge potential for sales growth in the future.
"Cook going over 7-for-1 stock repurchase plan. Will be shareholders of record as of June 2 and take effect June 9. Cook says goal is to make Apple’s shares more attractive to potential buyers."
Could someone please explain to me what happens to stock buyers in that in-between week? Or rather, what happens to those who are shareholders after June 2, but before June 9?
Could someone please explain to me what happens to stock buyers in that in-between week? Or rather, what happens to those who are shareholders after June 2, but before June 9?
That's an awful awful lot of eggs in one basket! Best hope the iPhone never goes bust, cause so does Apple if that happens!
Have a question.
Let's say that after the split I have 100 shares. Do I then receive 3.27 per share due to the dividend increase? Or does that get divided by 7 as well.
Let's say that after the split I have 100 shares. Do I then receive 3.27 per share due to the dividend increase? Or does that get divided by 7 as well.
The iPad miss wasn't as bad as it appeared at first glance. More than a million of that miss was from draw down in channel inventory. Sell-through fell only a few percent YoY.
But Mr. Cook did mention some supply issues with, IIRC, the iPad Mini. I'll have to wait to listen to the conference call again to make sure it was the Mini he was talking about, but I think it was.
Thanks. That is absolutely bizarre. What a dumb ass way of generating an index.
It gets divided as well. No, we didn't all hit the lotto.
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I appreciate the quick reply, although I have found some differing information.
From fool.com:
What happens if you buy a stock after the "record date" for the split but before the listing change?
The "record date" means virtually nothing to the stockholder. If you bought the stock before the split, your shares will split the same day everyone else's do, regardless of the record date. You won't lose on the split.
How does that work? Certainly their value doesn't decrease by 7x on the split date. I don't get it.
It moves participating in the Dow into the "possible" category. The very strange makeup of the Dow, which got linked to above, would previously have made the DJIA into the Apple Index, which would be...silly.
You will see the per-share dividend divided by 7 as well.
Guys I am still confused by this 7/1 split.?? What should I do?
Lets say I have 15 shares now by June 2nd and the stock is at say $550 should I sell all my shares before the stock changes to what people are saying $75??
Or does my shares (15) increase x7? so = I will have 105 shares? and if I wanted to sell each share it would then = $75?
If someone could please help and give advice for those who already have shares what it means? should i sell before 2nd June or carry on holding?
Explain in detail please
Thanks
Lets say I have 15 shares now by June 2nd and the stock is at say $550 should I sell all my shares before the stock changes to what people are saying $75??
Or does my shares (15) increase x7? so = I will have 105 shares? and if I wanted to sell each share it would then = $75?
If someone could please help and give advice for those who already have shares what it means? should i sell before 2nd June or carry on holding?
Explain in detail please
Thanks