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February 12, 2005
Apple share split
Apple have announced a share split, after a 12 months trading has seen the company's share value rise more than 350%.
Spurred on by massive iPod sales, its share value has risen from $23 to an all-time high of $81.99.
This is the third share split that Apple have entered into, after doing the same in 1987 and 2000. The new announced split will occur on February 28th and will increase the number of Apple shares from 900 million to 1.8 billion.
The purpose of share-splitting is to make the stock both affordable and attractive to smaller investors.
Posted by at February 12, 2005 06:57 PM
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