360° Coverage : Apple Buying Back Stock And Making It Affordable

Apple Buying Back Stock And Making It Affordable

By splitting their stock, Apple is preparing to bring new investors in

Apr 26 2014, 11:34pm CDT | by

Apple Buying Back Stock And Making It Affordable
Photo Credit: Getty Images

Apple has been already purchasing stock in order to increase their control over the company, but that isn’t all that they are doing now. After peaking in price in September of 2012, the stock has been hovering in many ways. They bought back $30 billion in stock over the past year, amid concerns about the direction of the company without Steve Jobs, but by splitting the stock they are completely changing the way that their investors view them.

By splitting the stock on June 9, Apple will reduce the price of a share to around $75, which would allow many more people to begin investing. At $500+ per share, many people who would like to invest simply aren’t able to do so. That, in turn, could raise the price, bringing in even more money for the company.

Their last split was in February of 2005. In the time since then, the stock has reached prices over 10 times the price at that time. With sales expected to continue rising, and the introduction of new products this year, it is believed that a large jump could again be coming, making many investors rich in the process. Among those will be the iWatch, two new iPhones with larger screens, new iPads, and more.

The price isn’t known at this time for the split stock, as it will depend on the price at the time of the split.

Source: NPR

 
 
 

<a href="/latest_stories/all/all/25" rel="author">Bijon Kumar Pramanik</a>
Bijon Kumar Pramanik is an experienced technology writer working since years in the consumer electronics field.

 

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