Top News | Apr 24, 2014
Apple: Boosts shareholder capital after strong quarter
Apple (Attractive*) clearly exceeded market estimates on Q2 revenues and earnings per share (USD 11.62 and USD 1.45, respectively). The first major consensus beat in some time on better than anticipated iPhone sales with higher average prices. Apple also intends to return more capital to shareholders and announced a share split. We confirm our rating on this solid quarterly report.