What happened to Apple becoming a trillion dollar company?

Discussion in 'Apple, Inc and Tech Industry' started by Mildredop, Aug 24, 2015.

  1. Mildredop macrumors 68020

    Joined:
    Oct 14, 2013
    #1
    I think I'm getting confused, but wasn't it at one point a few years ago looking like Apple shares would hit anything like $600 each? They're at about $105 at the moment. What happened?
     
  2. sunapple macrumors 6502a

    sunapple

    Joined:
    Jul 16, 2013
    Location:
    The Netherlands
    #2
    1/7 split. Multiply by 7 to compare with the shares from a few years ago. (correct me if I'm wrong!)
     
  3. Mildredop thread starter macrumors 68020

    Joined:
    Oct 14, 2013
    #3
    I haven't a clue. I don't know what you mean by 1/7 split.
     
  4. OllyW Moderator

    OllyW

    Staff Member

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    Oct 11, 2005
    Location:
    The Black Country, England
    #4
  5. maflynn Moderator

    maflynn

    Staff Member

    Joined:
    May 3, 2009
    Location:
    Boston
    #5
    Apple like a number of other companies will split their shares to adjust the price. In Apple's case they went with a 1/7 split so if you owned a single share before the split, you now own 7. The price then goes down to what amounts to a 7th of the original price, or at least it starts off that way and since then it fluctuates.
     
  6. Tech198 macrumors G4

    Joined:
    Mar 21, 2011
    Location:
    Australia, Perth
    #6
    I'm going all gooey thinking of a trillion dollars let alone Apple having it.
     

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