Apr 26 2014, 11:38pm CDT | by Bijon Kumar Pramanik
Apple is one of the most profitable companies that the world has ever known. With that being said, it is easy to see why so many people want to invest in their stock, but the high price is often prohibitive. It is profitable for people who own it, but buying in isn’t easy.
Apple Balla reports that Apple is preparing to split their stock and make it much more affordable. They last did this in 2005, when Apple stock was only $41 per share. Since then, it has climbed to over $550, an almost 12 fold increase. That kind of climb might not be expected after this split, but it will nonetheless prove profitable for investors just arriving.
The price remains to be seen, but it is known that it will be a seven way split, meaning the price could very well be around $70 at the start. This will allow more people than ever to invest, causing the price to climb even further and reach new highs if it is handled properly. They are also in the process of buying back incredible amounts of stock as well.
They have been looking for more control over the company, but they have also increased the amount that they send to investors, making it just as profitable despite this fact.
Stay tuned for more information leading up to the June 9th split of the stock. This is coming ahead of several new product launches, making it a great time to invest at any price, although with enough money it will be easy to become wealthy at this new price point.
Bijon Kumar Pramanik
Bijon Kumar Pramanik is an experienced technology writer working since years in the consumer electronics field.
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