Feeds

Apple splits stock

AAPL on the rise as next-gen iMac rumours emerge

  • alert
  • submit to reddit

Top three mobile application threats

Apple yesterday went ahead with its two-for-one stock split. AAPL shares closed at 55.625 – the equivalent of 111.25 at pre-split levels.

That leaves Apple with a market capitalisation of $18.105 billion.

Apple's decision to split the stock was made last April, and approved by the shareholders later that month. At the time, the company's share price was well above the $100 mark – the point beyond which US public companies traditionally consider stock splits.

Before the hi-tech stock crash of late April/early May, Apple's stock hit a peak of 150.375, it's current all-time high.

Since the crash, Apple has been hovering at around 90, hardly an ideal split price, though the company has been determined to make the split as planned. Over the last few days, the price nudged up above the 100 line, presumably in anticipation of the split, even though the benefits only accrue to shareholders who held stock on 19 May.

And the stock may continue to grow on rumours of a major upgrade to the iMac consumer desktop line, to be announced at next month's MacWorld Expo show in New York. According to company sources cited by AppleInsider, the next-generation iMac could be the long-anticipated larger, 17in screen version of the all-in-one.

Initial reports suggest the new machine will ship with a new, extended keyboard, 400MHz PowerPC 7440 (aka G4) CPU (450MHz in the Special Edition). The new machine could also sport Apple's wireless mouse.

Apple does appear to have been running down inventory of existing models, which implies the company is planning to launch something next month, and it has already fallen behind on its previous regular six-monthly iMac update schedule. ®

Related Stories

Apple UK marketshare up 46 per cent
Apple retail share rises
Apple stock falls to 63 per cent of all-time high

3 Big data security analytics techniques

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
Sorry London, Europe's top tech city is Munich
New 'Atlas of ICT Activity' finds innovation isn't happening at Silicon Roundabout
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
prev story

Whitepapers

Designing a defence for mobile apps
In this whitepaper learn the various considerations for defending mobile applications; from the mobile application architecture itself to the myriad testing technologies needed to properly assess mobile applications risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.