Business

5 things to know about Apple’s stock split

By Michael Liedtke
Published June 9, 2014 9:11pm ET
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5 things to know about Apple’s stock split
A shopper walks by an Apple store in Peabody, Mass., Monday, June 9, 2014. Apple's resurgent stock may have as much to do with financial engineering as the company's technological wizardry. In late April, the iPhone and iPad maker announced plans to split its stock for the first time in nine years. Since then, Apple's stock has climbed 23 percent, creating more than $100 billion in shareholder wealth while the Standard & Poor's 500 edged up just 4 percent. (AP Photo/Elise Amendola) | Elise Amendola

SAN FRANCISCO (AP) — Apple’s resurgent stock may have as much to do with financial engineering as the company’s technological wizardry.

Monday marked Apple’s first stock split in nine years, a move designed to make it more affordable to buy shares of the iPhone and iPad maker.

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