Apple is sure in the news lately and not just because of its anticipated fall release of the iPhone 5 and Mini iPad. And not because of their courtroom drama with Samsung over patent rights. Now it is will Apple decide it is time to split its stock price and become a part of the Dow Jones Industrial Average. According to Bernstein Research analyst Toni Sacconaghi, it is being discussed. "The idea of splitting the stock does not seem to be a religious issue for Apple: the company has actually split the stock three times before, each time a 2-for-1 split – the previous splits were in June 1987, June 2000 and February 2005. One question is whether a two-for-one split would be enough to get the stock into the index without overwhelming other components; you could argue that the stock ought to split four-for-one, or even six-for-one, which would still make it one of the highest priced companies in the index."
Of all the tech companies out there, Apple has been the most fun to watch, both for investors and for consumers. For now, Apple continues to be questioned on how long it can grow its momentum. Once everyone has an iPhone and an iPad in their home, what is the next big product that every home and every consumer must have? It could be the Apple TV or perhaps there is something else being secretly designed.
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