Apple Stock Splits: A History of Wealth Creation for Shareholders
Company Background
Apple Inc. is a global technology company headquartered in Cupertino, California. The company designs, develops, and sells consumer electronics, computer software, and online services. Apple is one of the largest companies in the world by revenue and is considered one of the most influential companies in the technology industry.
Stock Split History
1980-1987: The Early Years
Apple's first stock split occurred in 1980, when the company split its stock 2-for-1. This means that for every share of Apple stock that an investor owned, they received two shares. Apple's stock price at the time of the split was $22.50 per share.
Apple split its stock again in 1982, this time 3-for-2. This means that for every two shares of Apple stock that an investor owned, they received three shares. Apple's stock price at the time of the split was $52.50 per share.
Apple's third stock split occurred in 1987, when the company split its stock 2-for-1. This means that for every share of Apple stock that an investor owned, they received two shares. Apple's stock price at the time of the split was $100 per share.
1998-2001: The Growth Years
Apple's fourth stock split occurred in 1998, when the company split its stock 2-for-1. This means that for every share of Apple stock that an investor owned, they received two shares. Apple's stock price at the time of the split was $120 per share.
Apple split its stock again in 2000, this time 2-for-1. This means that for every share of Apple stock that an investor owned, they received two shares. Apple's stock price at the time of the split was $150 per share.
Apple's sixth stock split occurred in 2001, when the company split its stock 2-for-1. This means that for every share of Apple stock that an investor owned, they received two shares. Apple's stock price at the time of the split was $130 per share.
2014-2020: The Recent Years
Apple's seventh stock split occurred in 2014, when the company split its stock 7-for-1. This means that for every share of Apple stock that an investor owned, they received seven shares. Apple's stock price at the time of the split was $100 per share.
Apple split its stock again in 2020, this time 4-for-1. This means that for every share of Apple stock that an investor owned, they received four shares. Apple's stock price at the time of the split was $500 per share.
Conclusion
Apple's stock splits have been a significant factor in the company's success. By making its stock more affordable, Apple has made it possible for a wider range of investors to participate in the company's growth. As a result, Apple has created a significant amount of wealth for its shareholders.
Comments