Apple Stock, Share Price And Investing Info
Apple is an American-based tech giant that manufactures a variety of products such as the iPhone which is one of the most popular phone brand in the world. The company also sells other consumer products including iPads, iPods and Mac computers. It also makes a noteworthy amount of revenue from subscription services and software sales.
The Cupertino-based company has been around since April 1976 by the iconic Steve Jobs and his friend Steve Wozniak. The idea of a personal computer was just being explored at the time. People’s idea of a computer back in the day was this huge machine that took up enough space to sometimes fill an entire room. The two founders wanted to change that by making computers that were small enough to fit into offices and homes.
Apple launched its IPO in 1980, a move that allowed it to earn more trust from consumers, thus translating to more sales. To put that into perspective, the tech giant had $7.8 million in sales in 1978 but the sales figure jumped to $117 million in the same year as the IPO. The company reported $260.17 billion sales in 2019. (source: loc.gov)
Apple has so far grown into one of the largest companies in the world, a status that requires a robust management team. At its helm is Tim Cook who is the current CEO. Here is a list of the other crucial individuals that constitute the Apple’s management team.
- Craig Federighi-Senior Vice President Software Engineering
- Eddy Cue- Senior Vice President Internet Software and Services
- Katherine Adams- Senior Vice President and General Counsel
- Adrian Perica- Vice president of corporate development.
- Tor Myhren- Vice president of marketing communications.
- Isabel Ge Mahe-Vice President and Managing Director of Greater China
- Lisa Jackon-Vice President Environment, Policy and Social Initiatives
- Luca Maestri- Senior Vice President and Chief Financial Officer
- Sabih Khan Senior Vice President Operations
- Greg “Joz” Joswiak Senior Vice President Worldwide Marketing.
- John Giannandrea- Senior Vice President Machine Learning and AI Strategy.
Apple share price
Apple shares are listed on the Nasdaq stock market, and the stock is part of the Nasdaq composite Index. The share price has been listed there since the 1980s after the IPO. Apple’s share price closed its latest trading session on Tuesday at $134.99 which is notably lower than its 5-day high of $141.16. It was overall bullish in January 2021 with its monthly low at $126.59 and a monthly high of $144.23. Apple stock demonstrated an impressive performance in 2020 despite the hard economic times caused by the coronavirus pandemic.
The stock traded at around $81.24 in mid-February before it tanked its 52-week-low of $53.15. Its 52-week-high is $145.09. Apple stock today traded at $135.01 at the time of this press with an average trading volume of around 108,000 shares. The company’s trailing 12-month earnings per share (EPS) is $3.69. Apple’s performance in the last 12 months highlights the company’s strong ability to withstand market challenges.
Apple’s divided policy
Apple aims to constantly generate value for its shareholders just like many other publicly listed companies and it provides that value in the form of dividends. It is also a tool that the company has historically used to attract more investors. For example, Apple stock attracted a dividend of $0.12 as its initial dividend in 1987. The stock price went up by $1.87 the day after, and it went up by 8 percent in the next four days after that. The dividend payout contributed to a positive performance in the four years after that. (source: yousigma.com)
Apple realized the power of consistency as far as dividends are concerned and it has historically offered healthy dividends to shareholders. It maintained a dividend of $0.12 per share back in the 1990s. Companies conduct a stock price every now and then especially if the share price is too high. In most cases, the goal is to offer a share at a lower price to attract investors. However, the split has to retain an attractive dividend rate, otherwise it does not encourage investors unless there are prospects of healthy dividends.
The company conducted a 2-for1 stock split on April 19 2000, and another one on February 11, 2005. Apple’s dividends started improving in 2012 when it offered quarterly dividends at a rate of $2.65. It was the same year that the company launched new products such as the iPhone 5, iPhone Nano, Earpods, iPod Touch and a revamped iTunes. It was around the same time that touchscreen smartphones were gaining traction across the global market and Apple led the charge. (Source: businessinsider.com)
The increasing demand for Apple products in the next few years translated to positive returns for investors. The company maintained a dividend of $3.05 or above in 2013 and 2014 until the 7-for-1 stock split that took place in June 2014. The quarterly dividend after the stock split started at $0.47 for the remaining two quarters in 2017 which was actually higher than it would have been if the previous dividend of $3.05 was split seven ways. In other words, the stock remained attractive to investors after the split and it continued to go higher. (Source: investor.apple.com)
Apple maintained a quarterly dividend of $0.52 in 2015, $0.57 in 2016, $0.63 in 2017, $0.73 in 2018 and $0.77 in 2019. The dividend consistency ended in 2020 at $0.82 for the first two quarters. However, the economic disruptions took root, since it was the same year that the pandemic took place. Nevertheless, the company conducted a 4-to-1 stock split in August 2020 and the next dividend payout was issued in November 2020 at $0.205.
Apple has so far worked hard to maintain shareholder value especially when the stock price tends to escalate too much. The changes have so far been crucial in maintaining a good value range as far as the share price is concerned, and also a healthy dividend rate, thus helping the stock to remain attractive to investors. Apple is optimistic about future performance considering its future lineup of offerings, especially with the ongoing transition to ARM-based chip architecture.