Apple's shares split 7 for 1; stock is up over 500% since launch of first iPhone
While the value of the Apple shares you own hasn't changed at all, the split does make it less expensive for the average investor to buy 100 shares. This additional demand is supposed to drive up the value of the stock.
For Apple, this is the first split that it has had in nine years, which means that it is the first split that Apple's shares have had since the launch of the Apple iPhone on June 29th, 2007. Adjusted for the stock split, Apple closed on June 29th at $16.66. That means that since the launch of the very first iPhone, Apple's shares have risen over five fold.
The first Apple iPad was launched on April 3, 2010. The last trading day before the tablet was launched, Apple closed at $32.22, meaning that the shares have nearly tripled since Apple created the tablet category.
1. Finalflash (Posts: 2096; Member since: 23 Jul 2013)
This won't increase the price at all if history has anything to say about it. Usually stock split leads to a lower price for the stocks because a larger section of the public gets access to it which brings it closer to its "real" value rather than the artificial one created by a smaller collective (works kind of like a democracy). But this also helps stabilize the stock because more spread means less effects due to panicky or jittery investors (as well as shorting and what not).
2. bigdawg23 (Posts: 414; Member since: 25 May 2011)
My company is the opposite. It split at $55 several years ago. within 6 months was back to $55 and now sits at $110 at the close today. Like I said my company is the opposite and I suspect Apple will be as well.
3. Finalflash (Posts: 2096; Member since: 23 Jul 2013)
I assume yours was a smaller company with growth potential. It hadn't realized its full peak and therefore, moved up which it would have done anyway. Apple is a large well established company which many know to have hiy their peak at least for the current tech product generation. It likely won't grow for quite a while and this is true for MS, Google, Samsung, etc. as well.
4. Napalm_3nema (Posts: 1576; Member since: 14 Jun 2013)
Apple is still undervalued, but Wall Street is a fickle mistress, so who knows which way it will go.
5. Napalm_3nema (Posts: 1576; Member since: 14 Jun 2013)
Speaking of Apple, PA, no love for the discovery that iOS 8 scans for WiFi using randomized MAC addresses? I'm sure there will be some angry marketing and advertising companies over that.
6. Sauce (unregistered)
There are a ton of things iOS8 does that are new that PA and it's majority of users don't know. Thats why you see the same extremely ignorant comments all the time, over and over lol.
10. Slade.Wilson (banned) (Posts: 18; Member since: 09 Jun 2014)
"Five years ago I made you a promise. Do you remember? Well I am here to fulfill it" it's me! If you know who then don't say it out loud.
7. downphoenix (Posts: 2687; Member since: 19 Jun 2010)
Smart move on Apple's part. Google should do the same.
8. -box- (Posts: 3959; Member since: 04 Jan 2012)
About time. Hopefully this drives the price down where it belongs. That said, when Nokia's price was around $1 share all those months ago, I picked up a lot and sold most of them recently for about an 800% ROI. Totally different circumstances than apple though.
9. corporateJP (Posts: 2322; Member since: 28 Nov 2009)
Same deal here. Bought heavy at $1.90 a share and sold all but ten units.
It was a nice profit.
The only thing I thank MS for...
11. FingerMyApple (unregistered)
Apple know how to make things affordable, even in the stock market.
Can't wait for the upcoming affordable iPhone :)
12. Droidrapist (Posts: 186; Member since: 28 May 2014)
*Insert Adroid hate driven comment for Aple here, for no god damn reason*
______________________________ (Fill in Blank)
There. Now this comment section is complete.