In late August, owners of AAPL will have four times the amount of shares they previously owned. But the total value of those shares won’t be four times higher. Here’s why.
Apple had an astonishingly good earnings call yesterday. Scratch that: It’s was absolutely phenomenal. Despite the pandemic and the severe economic consequences it has had, despite Apple closing virtually all of its retail stores at some point during the last quarter, and despite disrupted supply chains around the world, Apple posted record third-quarter results.
Read the full article here.
This content was originally published by Fast Company. Original publishers retain all rights. It appears here for a limited time before automated archiving. By Fast Company