Frequently Asked Questions

Frequently Asked Questions

Stock

How can I get the current Apple stock price?

A 20 minute delayed price as well as other information regarding Apple stock is provided by eSignal.

Does Apple pay a cash dividend?

Yes.  Apple’s most recently declared quarterly dividend was $.47 per common share, payable on
November 13, 2014 to shareholders of record as of November 10, 2014.

Does Apple have a share repurchase program?

Yes.  Apple’s Board of Directors has authorized a $60 billion share repurchase program that is expected to be completed by the end of calendar 2015.

Can I purchase stock directly from Apple?

No, but Apple stock can be purchased through just about any brokerage firm, including online brokerage services.

Does Apple have a Dividend Reinvestment Program (DRIP)?

No, but most brokerages allow you to reinvest dividends.

What exchanges does Apple stock trade on?

Apple stock is traded on the NASDAQ Global Select Market under the ticker symbol AAPL.

When was Apple's initial public offering (IPO)?

Apple's initial public offering was on December 12, 1980.

What was the offering price at Apple's initial public offering (IPO)?

Apple went public on December 12, 1980 at $22.00 per share. The stock has split three times since the IPO so on a split-adjusted basis the IPO share price was $2.75.

Is there currently any preferred stock outstanding?

No.

Whom should I contact with questions about my stock certificate(s)?

Web: http://www.computershare.com/us/contact/
Phone: 877-360-5390 (U.S. toll-free)
  +1-312-360-5399 (non-U.S.)
Address: Computershare Investor Services, LLC
250 Royall Street
Canton, MA 02021

When was the last annual meeting of shareholders?

The last annual meeting of shareholders was on February 28, 2014.

When is the next annual meeting of shareholders?

We will announce the date of the 2015 meeting when we file our proxy statement with the SEC.

Stock

Why have you decided to split Apple's stock?

We want Apple stock to be more accessible to a larger number of investors.

Has Apple stock ever split before?

This will be Apple’s fourth stock split since going public. Apple's common stock split
on a 2-for-1 basis on May 15, 1987, on June 21, 2000 and also on February 18, 2005.

What is the effective date of the split?

There are several key dates.

The Record Date – June 2, 2014 - determines which shareholders are entitled to receive additional shares due to the split.

The Split Date – June 6, 2014 - shareholders are due split shares after the close of business on this date.

The Ex Date - June 9, 2014 - the date determined by NASDAQ when Apple common shares will trade at the new split-adjusted price.

How does a 7-for-1 stock split actually work?

A 7-for-1 split means that six additional shares of stock are issued for each share in existence on the Record Date, June 2, 2014.

Here’s an example:
Let’s assume that as of the Record Date (June 2, 2014) an investor owns 100 shares of Apple common stock and that the market price of Apple stock is $490 per share, so that the investment in Apple is worth $49,000. Let’s also assume that Apple’s stock price doesn’t move up or down between the Record Date and the time the split actually takes place. Immediately after the split, the investor would own 700 shares of Apple stock, but the market price would be $70 per share instead of $490 per share. The investor’s total investment value in Apple would remain the same at $49,000 until the stock price moves up or down. 

Are there any personal income tax consequences as a result of the stock split?

There will be no U.S. taxable income to U.S. residents as a result of the stock split. The tax basis of each share owned after the stock split will be 1/7th the amount it was before the split. For example, if you owned 100 shares before the split with a tax basis of $70 per share, after the split you would own 700 shares of stock with a tax basis of $10 per share. Foreign residents should consult their local tax advisors.

How will I receive the split shares?

If you hold shares in a brokerage account, the additional shares to reflect the split will be deposited into your account in the days following the Split Date (June 6, 2014). Contact your broker if you have any questions regarding timing. If you have a share certificate or hold your shares directly with Apple’s transfer agent, Computershare Investor Services, the post-split shares will be deposited in a book-entry position and Computershare will mail you a statement indicating the number of shares that you own following the split. We will not be issuing new share certificates. If you have a physical stock certificate, there is no need to return it.  You will be credited the split number of shares in a book-entry position.

Where will my statement be mailed?

If you currently hold stock certificates in your name or hold shares directly with Apple’s transfer agent, Computershare Investor Services, statements will be mailed to the address on Computershare’s records. To verify your address you can call Computershare directly at 877-360-5390. If your stock is currently held in a brokerage account, information will be provided by your broker.

How do I contact the Stock Transfer Agent?

You can reach Apple’s transfer agent, Computershare Investor Services, as follows:

Web: http://www.computershare.com/us/contact/
Phone: 877-360-5390 (U.S. toll-free)
  +1-312-360-5399 (non-U.S.)
Address: Computershare Investor Services, LLC
250 Royall Street
Canton, MA 02021

 

You should contact Computershare if you have any questions about a change of address or lost stock certificates, or if you did not receive a statement.

My shares are held by a brokerage firm. How will my shares get adjusted for the stock split?

You do not need to do anything.  If you hold shares in a brokerage account, the additional shares will be deposited into your account to reflect the split in the days following the Split Date (June 6, 2014). Contact your broker if you have any questions regarding timing. Your broker will ensure that your Apple stock holdings are properly adjusted for the stock split.

What happens if I buy or sell shares on or after the Record Date and before the Ex Date?

If you sell shares on or after the Record Date (June 2, 2014) but before the Ex Date (June 9, 2014) you will be selling them at the pre-split price. At the time of the sale, you will surrender your pre-split shares and will no longer be entitled to the split shares.  Following the split, the new owner of the shares will be entitled to the additional shares resulting from the stock split.

If you buy shares on or after the Record Date but before the Ex Date, you will purchase the shares at the pre-split price and will receive (or your brokerage account will be credited with) the shares purchased. Following the split, you will receive (or your brokerage account will be credited with) the additional shares resulting from the stock split.

How will the stock split affect the number of shares outstanding and the future calculation of earnings per share?

At the time of the split, the number of shares outstanding will be multiplied by seven and earnings per share will be divided by seven.

Will the number of authorized Apple common shares increase from 1.8 billion to 12.6 billion as a result of the split?

Yes. The number of shares outstanding and the number of authorized shares will increase at the same time in order to keep the shares we have available for future issuances, as a percentage of the shares currently outstanding, unaffected by the split.

Stock

How do I get a copy of the Annual Report?

Apple's most recent Form 10-K is available on our website. If you require a hard copy, go to the Request Information form.

How can I get a copy of your SEC filings?

You can go to the SEC Filings page to view and/or download any of Apple's SEC filings. If you require a hard copy, go to the Request Information form.

Does Apple issue quarterly reports?

Apple files quarterly reports with the SEC. See SEC Filings for details.

What is Apple's fiscal year?

Apple’s fiscal year 2014 runs from September 29, 2013 through September 27, 2014.

Can I listen to Apple's quarterly results conference calls with analysts?

Yes, Apple's quarterly results conference calls are webcast live and replays are available for a period of time after the announcement.

Stock

Where can I find information about Apple's environmental policies?

At Apple we recognize our responsibility to minimize the environmental impacts of our operations and products. You can learn about what we’re doing here.

Stock

How do I contact Apple's transfer agent?

Our transfer agent is Computershare Investor Services. If you are a registered shareholder, they can help with a variety of shareholder-related services including:

change of address
transfer of stock ownership
lost or missing stock certificate(s) request
account statement request

Web: http://www.computershare.com/us/contact/
Phone: 877-360-5390 (toll-free)
  +1-312-360-5399 (non-U.S.)
Address: Computershare Investor Services, LLC
250 Royall Street
Canton, MA 02021


If you own shares through a brokerage firm, please contact the firm directly to change your account address.



What is a transfer agent?

A transfer agent for a publicly held company keeps records of stock held by registered shareholders, including shares held in certificate form. When stock changes hands, the transfer agent updates the record of ownership of the stock. The transfer agent does not maintain records of shares bought and sold through brokerage accounts and held in "street name." Such records are maintained by the specific brokerages through which shares are bought and sold.



The transfer agent is also responsible for escheatment, which is the legally-required process of transferring unclaimed property to the state. If you are a registered shareholder of Apple stock, it is critical that you maintain current contact information with the transfer agent; otherwise, you are at risk of having your shares escheated. If you hold your shares through a brokerage account, you should ensure that your address is current with your brokerage firm.



Apple’s transfer agent is Computershare Investor Services.

Web: http://www.computershare.com/us/contact/
Phone: 877-360-5390 (toll-free)
  +1-312-360-5399 (non-U.S.)
Address: Computershare Investor Services, LLC
250 Royall Street
Canton, MA 02021

How do I change my address on my account?

If you own shares through a brokerage firm, you need to contact the brokerage firm directly to change your account address.

If you're a registered shareholder you need to contact Apple's transfer agent, Computershare Investor Services.

Web: http://www.computershare.com/us/contact/
Phone: 877-360-5390 (toll-free)
  +1-312-360-5399 (non-U.S.)
Address: Computershare Investor Services, LLC
250 Royall Street
Canton, MA 02021

How do I contact Apple Investor Relations?

You can contact Apple Investor Relations with questions related to Apple and Apple stock.

Email: See Contact
Phone: 408-974-3123
Fax: 408-974-2113
Address: Apple Investor Relations
1 Infinite Loop MS: 301-4IR
Cupertino, CA 95014

Stock

Where can I get information on the company?

The corporate website map contains a variety of links to information about Apple.

When was Apple incorporated?

Apple was incorporated in the state of California on January 3, 1977.

Can the public tour the Apple facility?

No, but the Apple Company Store at Apple's headquarters is open to the public. It's located at 1 Infinite Loop, Cupertino, California.

Who are the members of Apple's Board of Directors and what are their responsibilities?

Information on the Board of Directors and their responsibilities is available here.

How is Apple organized?

Information on Apple's leadership team is available here.

Where can I find information about Apple's environmental policies?

At Apple we recognize our responsibility to minimize the environmental impacts of our operations and products. More information can be found at Apple and the Environment.

Where can I find information about Apple's Supplier Responsibility program?

Workers everywhere should have the right to safe and ethical working conditions. They should also have access to educational opportunities to improve their lives. We work with our suppliers to make sure they comply with our Code of Conduct and live up to these ideals. You can learn more at Supplier Responsibility at Apple.

Who are Apple's independent auditors?

Apple's independent registered public accounting firm is Ernst & Young LLP.