Skip to content

CFDs are complex financial instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. CFDs are complex financial instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

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


This information has been prepared by IG, a trading name of IG Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.
CFDs are a leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your initial deposit, so please ensure that you fully understand the risks involved.

Act on stock opportunities today

Go long or short on thousands of international stocks with CFDs.

  • Get full exposure for a comparatively small deposit
  • Trade on spreads from just 0.1%
  • Get greater order book visibility with direct market access

See opportunity on a stock?

Try a risk-free trade in your demo account, and see whether you’re on to something.

  • Log in to your demo
  • Try a risk-free trade
  • See whether your hunch pays off

See opportunity on a stock?

Don’t miss your chance – upgrade to a live account to take advantage.

  • Trade a huge range of popular stocks
  • Analyse and deal seamlessly on fast, intuitive charts
  • See and react to breaking news in-platform

See opportunity on a stock?

Don’t miss your chance. Log in to take advantage while conditions prevail.

Live prices on most popular markets

  • Forex
  • Shares
  • Indices

Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.

Plan your trading week

Get the week’s market-moving news sent directly to your inbox every Friday. The Week Ahead gives you a full calendar of upcoming economic events, as well as commentary from our expert analysts on the key markets to watch.

For more info on how we might use your data, see our privacy notice and access policy and privacy webpage.

You might be interested in…

Find out what charges your trades could incur with our transparent fee structure.

Discover why so many clients choose us, and what makes us a world-leading provider of CFDs.

Stay on top of upcoming market-moving events with our customisable economic calendar.