Apple’s Stock Journey: From Near Collapse to Market Leader

Apple (NASDAQ: AAPL), a public entity for over 44 years, has witnessed a dynamic history, including the dramatic firing and rehiring of its founder, Steve Jobs. In the 1990s, many investors questioned the company’s viability amid struggles. However, those uncertainties are firmly in the past.

The company has since produced hit products like the iPhone, leading to rewarding outcomes for patient shareholders. Yet, understanding the stock price history and the number of shares held after multiple stock splits can be complicated for some investors.

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Below, we break down how many shares you would have if you’d held onto Apple shares throughout the years.

Image source: Getty Images.

Understanding Stock Splits

Since its initial public offering (IPO) in 1980, Apple’s board has declared five stock splits. Notably, it executed several 2-for-1 splits between 1987 and 2005 (specifically in June 1987, June 2000, and February 2005). More recent splits include a 7-for-1 in 2014 and a 4-for-1 in 2020.

Every stock split increased the number of shares you owned. For instance, a single share would become 224 shares through these splits. However, the share prices adjusted downward as well (e.g., a 2-for-1 split cut the share price in half).

Although Apple initially sold its shares at $22 each, after accounting for splits, the split-adjusted price is approximately $0.10. With Apple’s stock valued at $236 as of January 31, shareholders have witnessed significant price appreciation.

What might the future hold for Apple shareholders? Currently, the stock trades at a price-to-earnings (P/E) ratio of about 34, which is higher than the S&P 500’s ratio of 30. This valuation suggests the market anticipates continued growth, but investors are looking for improvements beyond the 4% revenue increase reported in Apple’s first quarter of fiscal 2025 ending December 28, 2024.

Seize the Opportunity to Invest

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Currently, we’re issuing “Double Down” alerts for three promising companies, and this might be one of your best chances to invest.

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*Stock Advisor returns as of February 3, 2025

Lawrence Rothman, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Apple. The Motley Fool has a disclosure policy.

The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.