Apple’s first stock split since 2005 takes effect today, but the computers that track the stock price often forget to take that into consideration (above).
Why the 7-1 split? The lower buying price may open the door to more investments from smaller investors, and the ~$100 price would let it major indices list AAPL, opening the door to more investment.
FTC: We use income earning auto affiliate links. More.
You’re reading 9to5Mac — experts who break news about Apple and its surrounding ecosystem, day after day. Be sure to check out our homepage for all the latest news, and follow 9to5Mac on Twitter, Facebook, and LinkedIn to stay in the loop. Don’t know where to start? Check out our exclusive stories, reviews, how-tos, and subscribe to our YouTube channel
Oh I’m ready! Bought at $44 sometime back and sold at $400+! See if we can do that again APPLE!
Someone’s going to forget and have an honest-to-god heart attack when they check the stock ticker. :P