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Home / Business / Apple Announces Share Distribution of 4-1 When Shares Cross $ 400 After Third-Quarter Earnings

Apple Announces Share Distribution of 4-1 When Shares Cross $ 400 After Third-Quarter Earnings



Apple’s third-quarter revenue only emerged and, despite the COVID-19 pandemic, in June. The company recorded a record $ 59.7 billion. The company’s news share exceeds $ 400, and it has also just been announced that the split will be between 4 and 1.

During the global health crisis, Apple had an incredible quarter, with growth up 11% year-on-year. As for the big news, after a few hours, AAPL shares rose nearly 5% to $ 400.

The excellent results mean that Apple’s market cap is approaching that $ 2 trillion mark, and its current value is approaching $ 1.7 trillion. Of the $ 59.7 billion in quarterly revenue, Apple earned $ 11.25 billion in profits.

More big news for investors includes Apple’s board of directors, which approved a share split of 4 to 1

. Apple announced in a Newsroom announcement today a fragmented detail that will take place in late August. It will include third-quarter revenue.

The Board of Directors also approved a one-to-one share split to make the shares more accessible to a wider investor base. Every Apple shareholder whose work ends in 2020. On August 24, you will receive three additional shares for each share held on the record date, and trading will begin with distributions in 2020. August 31

Prior to the share split, on August 13, based on the market closing on August 10, $ 0.82 per share will be paid out.

Apple’s board of directors has announced that $ 0.82 of the company’s common stock will be paid in cash. Dividends will be paid in 2020. August 13 For shareholders with the accounting date of 2020. August 10

The last time AAPL shares were split was back in 2014, when it was split 7-1, and before that, in 2005, when the shares were split 2-1.

Check out our comprehensive third-quarter results for Apple, which saw strong growth for the Mac and iPad at 21% and 31%, respectively. And follow the 9to5Mac to stream Apple Q3 earnings calls live.

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