Apple announced financial results for the first calendar quarter and second fiscal quarter of 2014. For the quarter, Apple posted revenue of $45.6 billion and net quarterly profit of $10.2 billion, the best ever Q2 financial results Apple has recorded.
While many are predicting the demise of Apple, Apple seems to be growing and making more money than ever. You begin to wonder what data these people are looking at?
During the announcement Apple said that they would spilt their stocks 7 for 1, For every one stock a shareholder currently owned they will receive an additional 6 shares and the share price will drop to $80. Also Apple will pay dividend of $3.29 per share on the 12 May 2014 and Apple will spend $30 Billion buying it’s own shares back.
The most amazing thing is that Apple still have over $150 Billion on hand. That’s enough money to buy Facebook without talking a loan…