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Apple Announces Historic Fifth Stock Split
Four-for-One Split Takes Place Amidst Strong Earnings
Apple's Tumultuous Past Followed by Historic Present
Despite enduring challenges in its early years as a publicly traded company, Apple has emerged as a dominant force in the technology industry. The company's stock has witnessed remarkable growth, and the recent announcement of a four-for-one stock split is a testament to its continued success.
The split, which is the fifth in Apple's history, follows strong earnings that beat analysts' expectations. The company's iPhone and Mac businesses have been key drivers of growth, contributing to the company's overall financial strength.
The split will make Apple's stock more accessible to a wider range of investors. Currently, Apple shares are trading at around $140, a high price point for some investors. The split will reduce the share price to approximately $35, making it more affordable for those looking to invest in the company.
The stock split is expected to be completed after the close of trading on Friday, August 27, 2023. Shareholders of record on August 24, 2023, will be entitled to receive three additional shares for each share they own.
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