Feeds

You'll never believe it: Apple stock is going for CHEAP

LOL. Just a bit of hot seven-way split action. It's still pricey

Top 5 reasons to deploy VMware with Tegile

Frantic fanboi investors might be freaking out today as Apple stocks appear to have lost 85 per cent of their value over the weekend, with the price dropping from around $645 to an opening price of $92.22.

But fear not, Apple lovers. The apparent plummet is just a bit of share shuffling to try to reignite investor interest in the high-priced stock.

Like other firms with a rather steep buy-in per share, Apple has initiated a 7/1 split, chopping each stock into seven new shares so that the individual price appears lower.

The company itself still has the same market value, but would-be stockholders that were put off before by the $645 price tag should be encouraged by the ability to start holding Apple shares from the more affordable price of $92 each.

The split is the first in nine years for the fruity firm, which has seen its shares rocket since it introduced the first Jesus-mobe. It announced the stock split back in April, which was enough by itself to send the stock price up by almost 23 per cent.

Apple previously split its stock in 2/1 cuts in May 1987, June 2000 and February 2005. Before the most recent split, the all-time high was $705.07. Post-split, this benchmark will be adjusted down to $100.72. ®

Beginner's guide to SSL certificates

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Driving with an Apple Watch could land you with a £100 FINE
Bad news for tech-addicted fanbois behind the wheel
Special pleading against mass surveillance won't help anyone
Protecting journalists alone won't protect their sources
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Radio hams can encrypt, in emergencies, says Ofcom
Consultation promises new spectrum and hints at relaxed licence conditions
Big Content Australia just blew a big hole in its credibility
AHEDA's research on average content prices did not expose methodology, so appears less than rigourous
EMC, HP blockbuster 'merger' shocker comes a cropper
Stand down, FTC... you can put your feet up for a bit
Vodafone to buy 140 Phones 4u stores from stricken retailer
887 jobs 'preserved' in the process, says administrator PwC
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.