Apple’s will split its shares seven-for-one tomorrow, June 6th. Apple originally announced the split back in April during its Q2 earnings call, and the reasoning for the split was simple: The company wants its stock to be more accessible to investors, and with a current value of $644, that isn’t the case.
After the split, shares will be worth roughly $92 each. Each current investor will receive six additional shares for every one share previously owned come this Friday. There will be no change in the stock’s net value with this split.
Though Apple didn’t introduce any new hardware at WWDC, shares have appreciated by about 2 percent since Monday’s announcement of OS X Yosemite and iOS 8.
