Apple announces two-for-one stock split

Woo hoo!

Apple this morning announced that its Board of Directors has approved a two-for-one split of the company's common stock and a proportional increase in the number of Apple common shares authorized from 900 million to 1.8 billion. Each shareholder of record at the close of business on February 18 will receive one additional share for every outstanding share held on the record date, and trading will begin on a split-adjusted basis on February 28.

So basically, as of Febuary 28th, the one share of Apple stock that I own will become two shares! I knew it would happen relatively soon, as the last time Apple's stock hit 80 they split it...