Director / Editor: Victor Teboul, Ph.D.

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Apple Resets Clock as Investors Await Next Big Thing

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. It threw another $30 billion into an already sizeable stock buyback program and instituted an 8 percent quarterly dividend increase to boot. And profits rose by an unexpected 7 percent. To top it all off, Apple unveiled a 7-for-1 stock split that should go down well with...

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