Apple announced along with its Q3 earnings that its stock would see a 4 for 1 split at the end of August. Ahead of the split, Apple has shared a FAQ document on its investor relations site. One of the neat details is a reminder of the massive growth the company has seen since going public back in 1980. And the current share price is nearing $500 just days after the company’s market cap hit $2 trillion.
Apple went public on December 12, 1980 at $22.00 per share. The stock has split four times since the IPO so on a split-adjusted basis the IPO share price was $.39.
Doing some calculations, Kif noted that over the almost 40-year run so far as a public stock, AAPL has seen an incredible 125,285% increase.
AAPL shares have been on a tear since Apple reported its record-breaking June quarter at the end of July. The stock price is up another 21% in just the last three weeks, which pushed it to be the first publicly-traded company to hit a $2 trillion market valuation. Looking at the year, Apple’s stock price has increased by a huge 130%.