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Apple shares rose 8.2 percent after announcing 7-to-1 stock split, closes at $567.77


Apple shares are on high on Thursday, which saw a rise of 8% in the early trading of the day, reaching to an intraday high of approx. $569.

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Apple has its shares on the rise on Thursday, followed by the reports of strong earnings and announcement of a 7-to-1 stock split.

On Thursday, the company’s shares saw an 8.2 percent rise ($43.02) to $567.77. That was little down from the intraday high of $568.84, overall the stock’s 52 week high of $575.14. Apple shares’ all time high was $705.07, recorded in 2012.

New York based Burnham Asset Management Corp fund manager said that the stocks will attract small buyers, the prices will please more people. This company oversees about $1.2 billion, which also includes Apple shares.

The investors of iPhone were delighted on Wednesday after announcement of its fiscal second quarter earnings ended in March. After the revenue postings of $45.6 billion and the profit of $10.2 billion, Apple beat forecasts of Wall Street’s earnings, which were compared for the same period in 2013.

Apple has tasted success in the first quarter itself with the sale of its 43.7 million iPhones, where the expectations were for 38 million units. Many analysts gave a buy call for Apple shares, some of them even urged to sell your everything and invest in AAPL!

What is your personal view on Apple shares? Do you have some?


About Bhanu Jamwal

bhanu@thenextdigit.com'
Living in Aldine, TX, he writes about Mac, iOS, Android and IT Hardware. Apart from writing on The Next Digit, he is also an expert in providing valuable seminars on IT Peripherals and IT Security. All posts by Bhanu

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