Company offers seven-for-one split stock and raises dividend
Share prices jump after $45.6bn revenue announced
Tech giant Apple chose a bombshell solution to the problem of its struggling share price, launching a full-on charm offensive to win over investors with a financial candy basket of stock splits and huge dividend increases to win back those who may have been disillusioned by the company's lagging growth.
In the first three months of the year, Apple grew its revenue to $45.6bn, well above analysts expectations of $43.5bn in revenue for the first three months of the year. Continue reading...