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Apple resets the clock as investors await next big thing

24
Apr
2014

By Edwin Chan SAN FRANCISCO (Reuters) – Apple Inc just bought itself some much-needed time. On Wednesday, the company surprised Wall Street with news that it sold more iPhones in the March quarter than even the most bullish analysts had expected. To top it all off, Apple unveiled a 7-for-1 stock split that should go down well with individuals who want a piece of a household name but could not afford to fork over $500 a share. The litany of positive numbers sent Apples long-stagnant shares up 8 percent.

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