A Simple Guide to Understanding Apple Stock Splits
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Splitting the
$
AA
PL
MADE WITH BY
MADE WITH BY
1987
Apple executes the company’s first stock split since going public in 1980. The share price at the time is $78.50.
$78.50
/ share
2000
2000
A Simple Guide to Understanding Apple Stock Splits
Splitting the $AAPL
JUNE 15 1987
1987
$39.25
/ share
JUNE 16 1987
The 2:1 split gives each shareholder one additional share for every share they own, while cutting the share price in half.
$39.25
/ share
JUNE 16 1987
$101.25
/ share
JUNE 20 2000
$101.25
/ share
JUNE 20 2000
Apple faces financial ruin in the ’90s, but with founder Steve Jobs’ return and the release of the iMac G3, Apple returns to profitability. Thirteen years after its first split, Apple shares are worth $101.25 each, a 116% increase from the 1987 split. In 2000, Apple performs its second split.
$59.75 (116%)
$59.75 (116%)
This is another 2:1 split, once again doubling the number of shares and halving the price of shares for each stockholder.
$50.63
/ share
JUNE 21 2000
$50.63
/ share
JUNE 21 2000
$50.63
/ share
JUNE 21 2000
$50.63
/ share
JUNE 21 2000
2005
In 2005, the stock rises 60% from its last post-split closing price, to $88.99 per share. The company splits its stock for the third time.
2005
2014
In 2007, Apple releases the first-generation iPhone, and nothing would ever be the same. Fast forward to 2014, and eight iPhones later—Apple stock is skyrocketing, with each share now worth $645.57. That’s a 1408% increase in under a decade.
2014
2020
Now the first company to reach a $2 trillion valuation, Apple prepares its latest stock split. The 4:1 split will quadruple the number of shares owned by each investor, cutting the price of each share by 75%.
2020
Next split
$88.99
/ share
$33.36 (60%)
FEBRUARY 25 2005
$88.99
/ share
FEBRUARY 25 2005
$33.36 (60%)
$88.99
/ share
$33.36 (60%)
FEBRUARY 25 2005
$88.99
/ share
FEBRUARY 25 2005
$33.36 (60%)
$44.50
/ share
FEBRUARY 28 2005
Again, Apple conducts a 2:1 split. If you had bought one share of Apple before its first stock split in 1987, you’d now own eight shares.
$645.57
/ share
June 6 2014
$602.76 (1408%)
$92.22
/ share
June 9 2014
This monumental 7:1 split gives investors six additional shares for each share they own, and chops the price of each share down by 85%.
$502
/ share
August 28 2020
*exact price is determined on August 28 2020
$409.80 (444%)
$125.50
/ share
august 31 2020
If you purchased one share in Apple for $22 during its 1980 IPO, you’d now own 224 shares, each worth roughly $125—a value of $28,000. That’s 1,273 times your original investment!
Learn more
*exact price is determined on August 31 2020
Click on the Apple logo
19
87
$39.25
/ share
JUNE 15 1987
19
87
$101.25
/ share
JUNE 20 2000
20
00
$50.63
/ share
JUNE 21 2000
Next split
20
00
$33.36 (60%)
$88.99
/ share
FEBRUARY 25 2005
Next split
20
05
$44.50
/ share
FEBRUARY 28 2005
20
05
$602.76 (1408%)
$645.57
/ share
JUNE 6 2014
$92.22
/ share
june 9 2014
Next split
20
14
$409.80 (444%)
$502
/ share
AUGUST 28 2020
20
14
20
20
$125.50
/ share
AUGUST 31 2020
*exact price is determined on August 31 2020
Next split
Next split
Next split
What is a stock split?
A stock split is a financial event during which a company divides its stock to make its shares more accessible to a broader base of investors. Think of a pizza cut into 16 slices instead of eight. The size of the pizza hasn’t changed—just the value of each slice. Similarly, a stock split doesn’t change the valuation of a company or a person’s individual stake in a company.
How will the stock split affect the number of shares outstanding?
At the time of the split, the number of shares outstanding will be multiplied by four, and earnings per share will be divided by four. So more stock available, but each share will be worth less.
Will the number of authorized Apple common shares increase?
Yes. The number of shares outstanding and the number of authorized shares will increase at the same time in order to keep the shares that are available for future issuances, as a percentage of the shares currently outstanding, unaffected by the split.
I own Apple stock already. Will the stock split change my percentage ownership of Apple?
Nope. You own the same amount of Apple as you did before the split.
Should I buy Apple stock after the split?
We’re not financial advisors, but you should only buy if you already wanted to do so. Yes, you’ll be able to get cheaper shares after the split, but that’s only because each share will have a fraction of its previous value. If you believe in Apple, buy shares, but you’re not really getting a “deal” from the stock split.
Apple Stock Split FAQ
A Simple Guide to Understanding Apple Stock Splits in 2020
Splitting the $AAPL
What is a stock split?
A stock split doesn’t change the valuation of a company or a person’s individual stake in a company. Companies split their stock to make shares more accessible to a broader base of investors. Think of a pizza cut into eight slices instead of four. The size of the pizza hasn’t changed—just the value of each slice.
How will the stock split affect the number of shares outstanding?
A stock split doesn’t change the valuation of a company or a person’s individual stake in a company. Companies split their stock to make shares more accessible to a broader base of investors. Think of a pizza cut into eight slices instead of four. The size of the pizza hasn’t changed—just the value of each slice.
Will the number of authorized Apple common shares increase?
A stock split doesn’t change the valuation of a company or a person’s individual stake in a company. Companies split their stock to make shares more accessible to a broader base of investors. Think of a pizza cut into eight slices instead of four. The size of the pizza hasn’t changed—just the value of each slice.
I own Apple stock already. Will the stock split change my percentage ownership of Apple?
A stock split doesn’t change the valuation of a company or a person’s individual stake in a company. Companies split their stock to make shares more accessible to a broader base of investors. Think of a pizza cut into eight slices instead of four. The size of the pizza hasn’t changed—just the value of each slice.
Should I buy Apple stock after the split?
A Simple Guide to Understanding Apple Stock Splits
Splitting the $AAPL
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