Apple stock split history: what you need to know

Apple has split its stock four times since the company was founded in 1976. Here, we tell you everything you need to know about the technology giant’s stock split history, and whether another split could be imminent.

Apple Source: Bloomberg

Apple stock split history

Split ratio Price before split
16 June 1987 2:1 $79 (31 May 1987)
21 June 2000 2:1 $111 (31 May 2000)
28 February 2005 2:1 $90 (31 January 2005)
9 June 2014 7:1 $656 (31 May 2014)

When Apple carries out a stock split, it is increasing the number of shares in the company by dividing its existing shares. As with most companies, Apple has carried out stock splits when the share price has risen so high that it could deter investors; this can be seen in the full Apple stock split history outlined above. In the first three instances, stocks were split in two when the price was near triple figures. Then, in 2014, share prices rose sharply and a higher split ratio was used.

While a stock split might be carried out to encourage investment, the split in itself doesn’t affect the market capitalisation of a company. Existing shareholders will own more stocks, but each of those stocks is worth less, so there is no change to the total market value of the company.

Stock divides might not directly increase share prices, but they can often result in higher share prices further down the line. By making shares accessible to new investors, demand can increase, causing the share price to appreciate and the total market capitalisation to rise. In the case of Apple, stock value has appreciated enormously.

Apple stock split history: share prices (not split adjusted) since Apple’s IPO

Apple stock split history: share prices (not split adjusted) since Apple’s IPO

Apple stock split history: share prices (not split adjusted) since Apple’s IPO

Apple stock split example

An investor buys a share in Apple in January 2005, so they have one share worth $77.00. After the two-for-one stock split a month later, they own two shares in Apple, but each of these shares is worth half the amount – around $38.50. If the shareholder keeps these two stocks until May 2014, they will be worth $1,266 ($633 each) as the stock price appreciates. With the fourth stock split, each of these stocks will then be split seven times, so that the shareholder owns 14 shares in Apple.

Apple’s split-adjusted share price

When looking at the value of a company’s shares, it can be difficult to interpret how successful the company has been based on its stock prices following a split. Apple’s current share price of around $191 doesn’t look anything like as impressive as it would have done ahead of its four stock splits.

This is where split adjusted figures come in – they account for stock splits when working out return on investment. With Apple, stock adjusted figures would acknowledge the fact that one stock bought during its initial public offering (IPO) would now have become 56 shares.

Long-term Apple shareholders have seen an incredible return on their investment; a $22 share in the company when it first went public in 1980 would be worth approximately $10,696 at the time of writing – a return of 48,518%.

Apple’s first stock split: 16 June 1987

Apple’s first stock split occurred on 16 June 1987, seven years after it became a public company, and it was a two-for-one stock split. It kept share prices low enough to make them accessible to investors. There was a 2% rise in stock prices over the following year.

Apple’s second stock split: 21 June 2000

The second Apple stock split took place on 21 June 2000, and was also a two-for-one split. Ahead of the split in May 2000, the stock price was $84. Shortly afterwards though, in September 2000, share prices were halved as many technology companies experienced a rapid decline. This was around the time the dot-com bubble burst, where many companies went out of business and others decreased in value. Apple blamed lower sales than they had forecast for September, as well as a weakness in the education market. While Apple was affected temporarily, the company’s shares made a full recovery and went on to achieve new highs.

Apple’s third stock split: 28 February 2005

Apple’s third stock split took place on 28 February 2005, with the company once again allocating a two-for-one ratio. This took the number of common shares authorised from 900 million to 1.8 billion, after shares almost quadrupled in value. The press release announcing the stock split reported that Apple ‘continues to lead the industry in innovation … Apple is also spearheading the digital music revolution with its iPod portable music players and iTunes online music store'.1 In the year following the stock split, prices rose by 60%.

Apple’s fourth stock split: 9 June 2014

Apple’s fourth and final stock split to date happened on 9 June 2014. This was the most significant of Apple’s stock splits, with a seven-to-one ratio taking shares from close to $700 down to around $100. Apple wanted to make shares accessible to more investors, but it’s also speculated that they set their sights on inclusion in the Dow Jones Industrial Average index. This index acts as a benchmark, with 30 stocks included from key economic sectors. As it’s a price weighted average, Apple’s stock price needed to be reduced before it was feasible for the company to be added. It was announced that Apple would join the Dow Jones in March 2015 and it has been a part of the index since March 2019.

Will Apple stock split again?

It seems unlikely that Apple will complete another stock divide in the near future. Share prices are still climbing (they are currently trading at around $186), however shares were worth close to $700 before the last split in 2014. Apple may consider another stock split if share prices continue to rise, but for now, this move probably wouldn’t be in the best interests of the company.

Apple announced its fourth stock split along with the news that its board of directors had authorised an increase to their shareholder capital return programme, and an increase to the quarterly dividend. This stock split was widely talked about as a way of making shares easier to purchase, with Apple Insider saying ‘we want Apple stock to be more accessible to a larger number of investors'.2

If Apple’s shares once again become excessively high in price and the media begin speculating about a share divide, it could indicate another stock split in the coming months.

1 Apple, 2005

2 Apple Insider, 2014


Deze informatie is opgesteld door IG Europe GmbH en IG Markets Ltd (beide IG). Evenals de disclaimer hieronder bevat de tekst op deze pagina geen vermelding van onze prijzen, een aanbieding of een verzoek om een transactie in welk financieel instrument dan ook. IG aanvaardt geen verantwoordelijkheid voor het gebruik dat van deze opmerkingen kan worden gemaakt en voor de daaruit voortvloeiende gevolgen. IG geeft geen verklaring of garantie over de nauwkeurigheid of volledigheid van deze informatie. Iedere handeling van een persoon naar aanleiding hiervan is dan ook geheel op eigen risico. Een door IG gepubliceerd onderzoek houdt geen rekening met de specifieke beleggingsdoelstellingen, de financiële situatie en behoeften van een specifiek persoon die deze informatie onder ogen kan krijgen. Het is niet uitgevoerd conform juridische eisen die zodanig zijn opgesteld dat de onafhankelijkheid van onderzoek op het gebied van investeringen wordt bevorderd, en dient daarom als marketingcommunicatie te worden beschouwd. Hoewel wij er niet uitdrukkelijk van weerhouden worden om te handelen op basis van onze aanbevelingen en hiervan te profiteren alvorens ze met onze cliënten te delen, zijn wij hier niet op uit. Bekijk de volledige disclaimer inzake niet-onafhankelijk onderzoek en de driemaandelijkse samenvatting.

Pak vandaag nog een kans op de aandelenmarkt

Ga long of short op duizenden internationale aandelen.

  • Met de hefboom krijgt u meer marktexposure
  • Spreads vanaf slechts 0,1% op de belangrijkste aandelen wereldwijd
  • Handel in CFD's rechtstreeks in de orderboeken met direct market access

Live prijzen op de populairste markten

  • Forex
  • Aandelen
  • Indices
Verkoop
Koop
Bijgewerkt
Verandering
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Verkoop
Koop
Bijgewerkt
Verandering
-
-
-
-
-
-
-
-
-
-
-
-
Verkoop
Koop
Bijgewerkt
Verandering
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-

Bovenstaande koersen zijn onderhevig aan de Algemene Voorwaarden van onze website. Koersen zijn uitsluitend indicatief. Alle aandelenkoersen lopen ten minste 15 minuten achter.

Mogelijk bent u geïnteresseerd in…

Dankzij onze transparante kostenpagina ziet u gemakkelijk de kosten die met uw trades gemoeid kunnen gaan.

Ontdek waarom zoveel klanten ons kiezen en wat ons de grootste CFD-provider ter wereld maakt.

Blijf op de hoogte van gebeurtenissen die de markten kunnen opschudden dankzij onze aanpasbare economische kalender.

CFD’s zijn complexe instrumenten en brengen vanwege het hefboomeffect een hoog risico met zich mee van snel oplopende verliezen. 75% van de retailbeleggers lijdt verlies op de handel in CFD’s bij deze aanbieder. Het is belangrijk dat u goed begrijpt hoe CFD's werken en dat u nagaat of u zich het hoge risico op verlies kunt permitteren. Opties en turbocertificaten zijn complexe financiële instrumenten. Uw vermogen loopt risico. U kunt uw geld snel verliezen. CFD’s zijn complexe instrumenten en brengen vanwege het hefboomeffect een hoog risico met zich mee van snel oplopende verliezen.