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Tuesday Apple Rumors: Is Apple Planning a Stock Split?


daily apple rumors AAPLHere are your Apple rumors and AAPL news items for today:

Apple to Double Its Shares: A Bernstein Research analyst says Apple (NASDAQ:AAPLmay be planning a stock split, Forbes notes. The split could make it easier for Apple to be included in the Dow Jones Industrial Average, which is weighted by share price and contains only two companies with shares north of $100, Chevron (NYSE:CVX) and IBM (NYSE:IBM). Apple stock has split — on a 2-for-1 basis – three times in the past, in 1987, 2000 and 2005.

Zombies Infest the App Store: Analytics firm Adeven says as many as two-thirds of the apps found in Apple’s App Store are virtually unnoticed by users, Gigaom reports. Adeven found that 400,000 apps in the online store are “zombies” almost never get downloaded or ranked by users. Heavy downloads are confined to a “only a couple thousand apps,” Adeven says. The firm blames Apple’s closed system for making it hard for users to find new apps and independent app makers to get discovered. According to Apple, the App Store has seen 30 billion downloads since its launch. App developers have received $5 billion in payments from the App Store, which currently carries about 650,000 apps.

Apple TV Gets New Option: Users of the Apple TV streaming-media device will now be able to stream Hulu Plus programming to their TV, Apple Insider notes. The Hulu subscription service became available on the device today. A one-week free trial is available for new users. Apple TV already streams content from Netflix (NASDAQ:NFLX), Major League Baseball, the National Basketball Association, National Hockey League and Google‘s (NASDAQ:GOOG) YouTube, among other services.

For more about the company, check out our previous Apple Rumors stories.

Article printed from InvestorPlace Media, https://investorplace.com/2012/07/tuesday-apple-rumors-is-apple-planning-a-stock-split/.

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