Apple announces stock split

Cameron Spencer/Getty Images

Apple announces stock split
(Image credit: Cameron Spencer/Getty Images)

In a move designed to make investment easier for small time investors, Apple announced a 7-for-1 stock split last night.

Each owner of a share in Apple, which is currently trading at around $570, will now own seven Apple shares, worth roughly $81 per share. That doesn't change the value of the company in itself. But it does lower the threshold at which someone can become an investor in Apple, at least a little.

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John Aziz is the economics and business correspondent at TheWeek.com. He is also an associate editor at Pieria.co.uk. Previously his work has appeared on Business Insider, Zero Hedge, and Noahpinion.