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 Video: What is a Stock Split?
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| Apple Inc. designs, manufactures and markets smartphones, personal computers, tablets, wearables and accessories, and sells a variety of related services. Its product categories include iPhone, Mac, iPad, and Wearables, Home and Accessories. Its software platforms include iOS, iPadOS, macOS, watchOS, and tvOS. Its services include advertising, AppleCare, cloud services, digital content and payment services. It operates various platforms, including the App Store, that allow customers to discover and download applications and digital content, such as books, music, video, games and podcasts. According to our Apple stock split history records, Apple has had 5 splits. | |
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Apple (AAPL) has 5 splits in our Apple stock split history database. The first split for AAPL took place on June 16, 1987. This was a 2 for 1
split, meaning for each share of AAPL owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split. AAPL's second split took place on June 21, 2000. This was a 2 for 1
split, meaning for each share of AAPL owned pre-split, the shareholder now owned 2 shares. For example, a 2000 share position pre-split, became a 4000 share position following the split. AAPL's third split took place on February 28, 2005. This was a 2 for 1 split, meaning for each share of AAPL owned pre-split, the shareholder now owned 2 shares. For example, a 4000 share position pre-split, became a 8000 share position following the split. AAPL's 4th split took place on June 09, 2014. This was a 7 for 1 split, meaning for each share of AAPL owned pre-split, the shareholder now owned 7 shares. For example, a 8000 share position pre-split, became a 56000 share position following the split. AAPL's 5th split took place on August 31, 2020. This was a 4 for 1 split, meaning for each share of AAPL owned pre-split, the shareholder now owned 4 shares. For example, a 56000 share position pre-split, became a 224000 share position following the split.
When a company such as Apple splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the Apple stock split history from start to finish, an original position size of 1000 shares would have turned into 224000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Apple shares, starting with a $10,000 purchase of AAPL, presented on a split-history-adjusted basis factoring in the complete Apple stock split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
01/21/2015 |
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| End date: |
01/16/2025 |
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| Start price/share: |
$27.39 |
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| End price/share: |
$228.26 |
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| Starting shares: |
365.10 |
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| Ending shares: |
409.88 |
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| Dividends reinvested/share: |
$7.67 |
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| Total return: |
835.60% |
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| Average Annual Total Return: |
25.07% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$93,540.38 |
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| Years: |
9.99 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
01/21/2015 |
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| End date: |
01/16/2025 |
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| Start price/share: |
$27.39 |
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| End price/share: |
$228.26 |
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| Dividends collected/share: |
$7.67 |
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| Total return: |
761.36% |
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| Average Annual Total Return: |
24.04% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$86,120.18 |
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| Years: |
9.99 |
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| Date |
Ratio |
| 06/16/1987 | 2 for 1
| | 06/21/2000 | 2 for 1
| | 02/28/2005 | 2 for 1 | | 06/09/2014 | 7 for 1 | | 08/31/2020 | 4 for 1 |
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