Apple Stock Splits: A Comprehensive Overview
Historical Splits and Share Price Data
Apple Inc. (AAPL) has executed five stock splits since its initial public offering (IPO) in 1980:
- June 16, 1987: 2-for-1 split
- February 28, 2000: 2-for-1 split
- February 28, 2005: 2-for-1 split
- June 9, 2014: 7-for-1 split
- August 31, 2020: 4-for-1 split
The table below shows the historical closing stock prices for Apple on the dates immediately preceding and following each split:
| Split Date | Pre-Split Closing Price | Post-Split Closing Price |
|---|---|---|
| June 16, 1987 | $44.13 | $22.07|
| February 28, 2000 | $104.57 | $52.28|
| February 28, 2005 | $78.51 | $39.25|
| June 9, 2014 | $645.57 $92.22||
| August 31, 2020 | $559.11 | $139.78
Impact on Shareholders and Company Value
Stock splits do not inherently increase the value of a company or provide immediate financial benefit to shareholders. However, they can make individual shares more affordable, increasing accessibility and liquidity.
Apple's stock splits have played a significant role in creating wealth for long-term shareholders. For example, an investor who purchased 100 shares of AAPL stock prior to the 1987 split would now own 3,200 shares due to subsequent splits.
Conclusion
Apple's stock splits have been a strategic tool in enhancing shareholder value and increasing the accessibility of its stock. The company's consistent growth and innovative products have supported its long-term success and made it one of the most valuable publicly traded companies globally.
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