According to financial analysis firm Bernstein Research, the world's largest company by market capitalization may be considering a stock split that could lead Apple being traded on the Dow Jones. A.M. Sacconaghi, Bernstein's senior analyst, noted in an article that the Dow has an insufficient number of tech companies, as the blue-chip index has only IBM, Hewlett-Packard, Cisco Systems, Microsoft and Intel from the sector.
Apple has been speculated about as a Dow component for years, as its price share of around $600 and 937.41 million outstanding shares make it a prime company for the index. The rumors about Apple trading on the Dow intensified in March when the Cupertino, California tech giant announced it was using part of its $117 billion cash surplus to pay out a shareholder dividend for the first time in 17 years.
There has also been rampant speculation about what else Apple might opt to use its stockpile of cash for, including speculation that it may try to buy Twitter. The micro-blogging website's 140 million active monthly users would give Apple a leg up in developing a social networking platform to compete with Facebook and Google. Another rumored target for acquisition Apple is Nuance, the company that developed the speech recognition technology used for Siri and dictation functions on Apple's wireless devices.