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Old 04-24-2014 | 06:50 AM
  #154692  
GunshipGuy
Gets Weekends Off
 
Joined: Jul 2007
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From: Permanently scarred
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Originally Posted by duder
They had to do something T. AAPL stock has done nothing in the last year. Not sure if your an Apple user but there are rampant rumors of the iPhone 6 being delayed til next year now due to battery issues and that is bad news for the company. iPhones have been coming out like clockwork for the last 5+ years. The buy back seems like a nice way to distract the share holders if this is in fact true.
The 7-1 split will likely make the price more psychologically appealing to some and help it out as well.