Apple's annual shareholders meeting has been scheduled for April 20 in Cupertino - one day after Apple is due to report its second-quarter results.
According to a statement filed with the US Security and Exchange Commission (SEC), shareholders will be asked to amend the company's Articles of Incorporation. This will increase the number of authorized shares of Common Stock from 320,000,000 to 900,000,000.
If successful, this increased share-count will allow Apple to split its shares two-for-one, giving its shareholders two shares valued at half the price of a single current share.
Apple's dilution of its shares bodes well for both its future and its second-quarter earnings, analysts claim. Analysts also believe the move will give Apple greater fluidity in its business transactions, opening up new opportunities for financing, acquisitions and employee benefits.