Stock Talk
Today, it seems like Apple (AAPL) stock is taking the air out of other stocks. I will offer a two reasons why I suspect so. We all know that the market cap of Apple and Tesla are larger than some countries entire GDP. As of this post AAPL is trading about $490 a share. One reason...
"Apple on Thursday announced in its fiscal third-quarter earnings that the Board of Directors has approved a four-for-one stock split. ... The shares will be distributed to shareholders at the close of business on August 24, and trading will begin on a split-adjusted basis on August 31.Jul 30, 2020"
Here is another reason - APPLE-Fi
A satellite-based Internet service from Apple. Rumored for some time as the "cable industry killer," Apple Fi is expected to compete with 5G cellular service at $5 per month.
It does seem like that could be a boon for Apple and a bust for many traditional carriers that use cell towers and perhaps even cable.
The thing is that Apple stock is now almost $500 a share! To that I say maybe the little people (like moi) are considering buying a few shares and then take part in the 4 for 1 stock split. A huge boon for a company that is already huge ? Is that double huge or like a big bang coming in tech.
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ALL in my humble opinion, scroll down and read more..
This site does NOT make Buy / Sell recommendations.
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