Their stock is up 7.5% in after hours
Finally, a good boost. This feels like 2-3 years ago again, hehe.
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Apple Reports Record March Quarter Results, Splits Stock 7-for-1, and Boosts Share Buyback
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Finally, a good boost. This feels like 2-3 years ago again, hehe.
Apple should increase the base model storage of iPad to 32 GB. And provide better multitasking. It's joke at this point when your device start at 16 GB and can't run apps simultaneously when you introduced the device as an in-between smartphone and laptop which now 5 gen later feels more like a stretched up smartphone rather than a laptop.
A stock split means that each stock is split up in equal parts. Total company value remains the same and this doesn't benefit Icahn directly.
However an effect that many discount, is that popular shares such as this, with a relatively large amount of non-institutional investors, often gain in value in the short term. The reason is that small investors can now invest with smaller amounts than before and do so. Although the often heard argument is that it should't make a difference, on the whole it often does, and can be responsible for a small price hike.
Thats not good with all the market saturation stalling sales, they better knock it out of the park with the watch.
I am not a financial analyst at all but my first thought of a 7:1 stock split bringing it down to $75... psychologically it looks like it is in easier range to hit $100 eventually (or really $700, which was its old all-time high
)
Oh my god, if this quarter made even Wall Street happy, it must be a very good quarter
7 for 1 split means that if you currently own 1 share of stock and the value is $700, then it becomes 7 shares with a value of $100 each. The total value of your shares remains the same.
Dividends will also be adjusted and are typically calculated as a percentage of the individual share price.
This is the best news I have heard in a while and something I have been waiting for for a long time. While it has no realistic change, the mental change can be huge, as individual investors would be far more willing to buy 10 shares for $500 vs 1 share for $500.
And awesome quarterly results.
ipad numbers are interesting, especially because the ipad offerings are fresher than a lot of the rest of apple's lineup. Could it be that the tablet takeover is not as inevitable as everyone thought? I was sucked in by the ipad but have used it less and less such that it's now a distant third in terms of use (behind iPhone and Mac).
...Or maybe these numbers are specific to ipad facing increased competition from other tablets.
...Or maybe these numbers are specific to ipad facing increased competition from other tablets.
That will be approximately the new listed price.
No, I wish. That gets divided by seven also.
No access to TV now, but please do share.
Take the worst of the posters from MR in each forum, combine in a bowl, stir in jackassery and you have it.
I'm surprised there was no report of Google's total miss on earning reported last week. Not one peep.
Not mentioned in this article, but the Wall Street consensus was $10.19 EPS. Investors like a better than 10% beat.
Share price jump in after hours trading (and I believe it is actually halted right now) today has probably more to do with the announced stock split and share buyback. There is a reason Apple decided to announce this stuff today. Without this the price might have actually fallen.
Guidance for next quarter is terrible though
AAPL up 8% in after hours trading to $565. I guess the guidance isnt that terrible after all is it.
I said it because iPads are down from 19.5 million to 16.35 million. Learn to swallow criticism rather than blowing it away.
I'm curious to know the reason behind the iPad miss. Supply constraints or people aren't buying. I find that really curious. It will be interesting to hear what they say.
As for the stock split - splits are largely meaningless. They don't affect the value of the company. The dividend will be 1/7 of what it is now. About the only advantage is that buying a few shares will be a bit more accessible at ~$75 instead of ~$525 for people who don't buy large chunks at a time.
As for the stock split - splits are largely meaningless. They don't affect the value of the company. The dividend will be 1/7 of what it is now. About the only advantage is that buying a few shares will be a bit more accessible at ~$75 instead of ~$525 for people who don't buy large chunks at a time.