Apples Kills Numbers and Announces 7 for 1 Stock Split

Now they need to announce an iWatch or an iTV and we can really get the stock rolling.

The company posted earnings of $11.62 a share, on revenue of $45.6 billion, blowing past estimates for $10.18 a share on $43.53 billion in revenue, according to a consensus estimate from Thomson Reuters. 

Apple also authorized a 7-for-1 stock split, addressing calls to share more of its cash hoard. The board also approved a dividend increase of approximately 8 percent to $3.29 a share. The company additionally said it would boost the overall size of its capital return program to more than $130 billion by the end of 2015, up from its previous $100 billion plan. 

That is a pretty nice dividend and they are giving some more of their massive cash hoard back to investors. It looks like the iPhone 6 is coming out in the fall so it looks like Apple is still a force to reckoned with.