Stock FAQs

explain what happened apple stock in oct 03 2016

by Suzanne Dibbert I Published 2 years ago Updated 2 years ago
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What is the latest stock price for Apple?

The latest closing stock price for Apple as of October 23, 2019 is 243.18. The all-time high Apple stock closing price was 243.18 on October 23, 2019. The Apple 52-week high stock price is 243.24, which is 0% above the current share price. The Apple 52-week low stock price is 142.00, which is 41.6% below the current share price.

What is the all-time high Apple stock price?

1 The all-time high Apple stock closing price was 143.16 on January 26, 2021. 2 The Apple 52-week high stock price is 145.09, which is 11.2% above the current share price. 3 The Apple 52-week low stock price is 87.79, which is 32.7% below the current share price. 4 The average Apple stock price for the last 52 weeks is 120.45.

When was the last time Apple stock split?

The first split came on June 16, 1987, on a two-for-one basis at a pre-split price of $79. The next split came on June 21, 2000, when share prices reached $111. On Feb. 28, 2005, Apple split its stock again when it hit $90. These last two were also two-for-one splits.

What was Apple's initial public offering price?

Apple's initial public offering price was $22. Adjusted for splits, however, the IPO price is $0.39. Why does Apple split its stock? Generally, stock splits are purposed to make shares easier to buy for individual investors.

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What caused Apple stock drop?

Apple has fallen during a bad week for equity markets, which are selling off stocks in nearly every industry on fears of Fed rate hikes, weakening consumer confidence, rising inflation and global supply chain challenges.

Why did Apples stock go up?

The strong print was driven by sales of the iPhone as well as surprisingly good results from the company's services business. Revenue for the quarter ended Dec. 25, rose to $123.9 billion, up 11% from a year ago and ahead of analysts' estimates of $119 billion.

What factors affect Apple stock?

Market Sentiment Investors expect Apple to beat estimates, so a beat alone will not drive the stock price higher. The beat has to be higher than the so-called whisper number—the number of market participants expect Apple to post (usually higher than the estimate).

What Year did Apple stock go public?

1980Apple's initial public offering was on December 12, 1980.

What will Apple be worth in 10 years?

The Bottom Line Assuming 18% compound annual growth over the next decade, your $10,298 investment in Apple would be worth $53,898.

What does Splitting a stock mean?

A stock split is a corporate action that companies take to increase the number of outstanding shares and decrease the value of each share. In other words, as a company's stock price increases, investors are rewarded with higher returns.

How is Apple affected by inflation?

Apple faces increasing costs from global logistics and rising employee salaries, as well the possibility that consumers will put off their iPhone upgrades. China shutdowns this year tied to Covid-19 and other challenges could result in an $8 billion revenue hit.

Is Apple a buy in 2021?

The most recent earnings report proved that Apple can still deliver solid growth on top of outstanding results in 2021. Demand remains high for the iPhone, now in its second 5G cycle with the well-received iPhone 13.

Is Apple stock a buy?

Most analysts remain bullish on the shares, with 74% rating them a Buy and 23% rating them a Hold, according to FactSet. Only one analyst, or 2.3%, rated them Underweight.

What was Apple's first stock price?

December 12, 1980: Apple goes public, floating 4.6 million shares on the stock market at $22 per share. In the biggest tech IPO of its day, more than 40 out of 1,000 Apple employees become instant millionaires. As Apple's biggest shareholder, 25-year-old Steve Jobs ends the day with a net worth of $217 million.

How much would I have if I invested $1000 in Apple?

Over the last 21 years, Apple stock has also split several times with a 2-for-1 split in 2005, a 7-1 split in 2014 and a 4-1 split in 2020. The hypothetical investment would now be 2,857.12 shares. Based on a price of $149.31 for Apple shares at the time of writing, the $1,000 investment would now be worth $425,596.59.

How many times has Apple stock split since IPO?

Apple (NASDAQ:AAPL) is a perfect case in point. Since the tech hardware leader went public more than 40 years ago, Apple has split its shares five times and created massive shareholder wealth.

What happened

Apple ( AAPL -0.94% ) finished 2016 strong, gaining about 5.8%. The nice increase toward the end of the year helped the stock clock a 10.9% rise during the year, according to data provided by S&P Global Market Intelligence.

So what

Apple's gain for the year didn't come without some volatility. In May, the stock had fallen about 12.5% as investors considered the implications of the company's falling revenue and earnings per share.

Now what

Going into 2017, the best thing Apple stock has going for it is its valuation. The stock trades with a price-to-earnings ratio of just 14. This compares to the average 25 P/E of stocks in the S&P 500. While it's impossible to speculate where the stock will go in 2017, Apple stock looks compelling with a valuation like this.

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When did Apple stock split?

Apple's stock has split several times since it first went public in December 1980. The first split came on June 16, 1987, on a two-for-one basis at a pre-split price of $79. The next split came on June 21, 2000, when share prices reached $111. On Feb. 28, 2005, Apple split its stock again when it hit $90. These last two were also two-for-one splits.

What is the market share of Apple in 2021?

As of the first quarter of 2021, its market share in the personal computer space was 15.1%. 8.

How much did Apple spend on R&D?

Apple spent $18.75 billion on research and development (R&D) in 2020. 2 By comparison, other Fortune 500 companies focus more of their energy on advertising, cost-cutting, or overall efficiency, and the difference between Apple and other companies is clear.

Why do companies like Apple beat their earnings?

Companies like Apple must beat collective market expectations of their earnings to positively influence their market capitalization. It's no accident that they often manipulate their earnings reports to match or beat estimates to artificially enhance their stock prices.

How much did the iMac stock increase in 1998?

This represented a 21.6% increase in its share price. The iMac went on to become the "number one selling machine through the retail and mail-order channels in the 1998 holiday season," according to The New York Times. 7 Apple's stock traded at $27.53 two years after its release—a whopping 263% rise.

What is the second largest segment of Apple?

Apple's services category is the second-highest-grossing segment ($53.8 billion), followed by its wearables, home, and accessories segment ($30.6 billion). Mac products and the iPad category rounded out the group with $28.6 billion and $23.7 billion in sales for 2020. 1.

When was the first iPhone released?

Arguably the most revolutionary tech product ever created, the first Apple iPhone was announced with much fanfare on Jan. 9, 2007. The phone boasted a combination of three products: "a mobile phone, a widescreen iPod with touch controls, and a breakthrough Internet communications device with desktop-class email, web-browsing, searching, and maps."

Why did Apple split its stock?

In a 2014 earnings call, Apple CEO Tim Cook specifically said that the company was splitting its shares to make them more accessible to a larger group of investors.

Who is the Motley Fool?

Founded in 1993 in Alexandria, VA., by brothers David and Tom Gardner, The Motley Fool is a multimedia financial-services company dedicated to building the world's greatest investment community .

What happened?

Apple Inc., which is based in California, set up two companies in Ireland: Apple Sales International and Apple Operations Europe. According to the European Commission, these companies had no employees or real offices but still realized large profits.

Why is the US fighting this?

Another irony: You might think the US would applaud any effort to collect tax from US-based multinationals using Irish subsidiaries to pay less, or zero, tax. But there are a few reasons the US Treasury department is vehemently against this EU ruling and other pending cases targeting companies, such as Amazon.

What about other European countries?

In his letter, though, Cook may have stepped into another debate over its aggressive tax avoidance by saying, " A company’s profits should be taxed in the country where the value is created." This is a different issue.

Wait, don't these tax breaks happen in the US all the time?

One reason all this might seem odd to Americans is that the "special treatment" Ireland is accused of giving Apple is similar to incentives American states give companies all the time legally.

What about inversions?

Some American companies have gone further than Apple to take advantage of Irish tax breaks. Pharmaceutical firm Allergan has acquired or formed Irish subsidiaries and then "inverted," or transferred its legal headquarters to Ireland. Even if its headquarters were in the US, it is effectively an Irish company.

What's next?

Apple, the most profitable company in the world, and Ireland, which has some of the lowest corporate taxes, made easy targets for the European Commission. But it's clearly not done yet. It's targeting McDonald's for allegedly paying no tax on its earnings in Luxembourg. The antitrust regulators are also looking into Amazon.

When did Apple stock split?

In June 2014, Apple stock was split 7-to-1. Whether it was on purpose or not, the split changed Apple stock's pre-split all-time high from a few dollars above $700 to about $100 after accounting for the split.

How many times has Apple split its stock?

After all, Apple has split its stock four times since it went public -- and its last stock split was a 7-to-1 split. In order to fully appreciate Apple stock's long-term return, here's a breakdown of Apple's stock split history, as well as the stock's split-adjusted return over the long haul. Image source: Getty Images.

Is Apple stock outperforming the S&P 500?

This article was updated on Jan. 9, 2018, and originally published on Aug. 10, 2016. It's no secret that Apple ( NASDAQ:AAPL) stock has outperformed the S&P 500 over the long haul. But the tech giant's stock price today simply doesn't do Apple stock's outper formance over the years justice. After all, Apple has split its stock four times ...

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