Apple: Earnings and Stock Split
From Apple PR:
CUPERTINO, California—April 23, 2014—Apple® today announced financial results for its fiscal 2014 second quarter ended March 29, 2014. The Company posted quarterly revenue of $45.6 billion and quarterly net profit of $10.2 billion, or $11.62 per diluted share. These results compare to revenue of $43.6 billion and net profit of $9.5 billion, or $10.09 per diluted share, in the year-ago quarter. Gross margin was 39.3 percent compared to 37.5 percent in the year-ago quarter. International sales accounted for 66 percent of the quarter’s revenue.
- iPhone sales increase 17% Year Over Year from 37 million to 43 million units
- iPad sales decrease 16% Year Over Year from 19 million to 16 million units
- Mac Sales increase 5% Year Over Year from 3.9 million to 4.1 million units
Also from Apple PR:
The Board of Directors has also announced a seven-for-one stock split. Each Apple shareholder of record at the close of business on June 2, 2014 will receive six additional shares for every share held on the record date, and trading will begin on a split-adjusted basis on June 9, 2014.
Does that mean I could finally buy 10 Apple Stocks instead of none?