Apple’s 2014 stock split preceded its first US$1 trillion market-cap milestone in 2018.
Apple carried out a seven-for-one stock split on June 9, 2014. Each shareholder received seven shares for every one previously held, while the price of each share was divided by seven. The split changed the per-share price but did not, by itself, change Apple’s total market capitalization.
Apple later became the first company to reach a US$1 trillion market value on August 2, 2018. Historical share prices are often adjusted for stock splits, which can make older charts look different from contemporary reports. The adjustment preserves the economic value of an investor’s holding while presenting the price on a comparable basis.
Apple also completed a four-for-one split in 2020 and a seven-for-one split in 2000. Stock splits can make shares appear more affordable, but they do not create value automatically; the company’s overall valuation still depends on its share price and share count.