Feeds

Apple splits stock

AAPL on the rise as next-gen iMac rumours emerge

  • alert
  • submit to reddit

Secure remote control for conventional and virtual desktops

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

Secure remote control for conventional and virtual desktops

More from The Register

next story
The 'fun-nification' of computer education – good idea?
Compulsory code schools, luvvies love it, but what about Maths and Physics?
Ex-US Navy fighter pilot MIT prof: Drones beat humans - I should know
'Missy' Cummings on UAVs, smartcars and dying from boredom
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
'Cowardly, venomous trolls' threatened with TWO-YEAR sentences for menacing posts
UK government: 'Taking a stand against a baying cyber-mob'
Sysadmin with EBOLA? Gartner's issued advice to debug your biz
Start hoarding cleaning supplies, analyst firm says, and assume your team will scatter
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Cloud and hybrid-cloud data protection for VMware
Learn how quick and easy it is to configure backups and perform restores for VMware environments.
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.