Monday brought the official start of the seven way stock split that Apple has been talking about for months now. After the split, stock was trading for $94, much lower than the standard $645 price rage that left many people unable to invest in the company, no matter how badly they wanted to.
In fact, many people who aren’t traditionally investors have found that they are much more likely to start investing now that the price is lower. CNNMoney asked many Apple fans if they were going to start investing in them and they seemed to be incredibly enthusiastic about the possibility. Of the over 200 people that they asked, almost all said that they were getting ready to buy their first stake in the company.
This stock split is seen as a way to give back to investors. The company currently has over $160 billion in cash sitting in the bank, but they also have some of the best returns among tech companies. Share buybacks have given them more control in recent months, but this is certain to change the way that many people feel about investing in the company.
If you have been someone who has thought about investing in Apple in the past, but hasn’t been able to afford it, this is your chance to take advantage of it and start reaping the benefits of this always powerful, always strong tech company that is sure to see a boost later in the year when they release several new products.