The Dow Jones Industrial Average added Apple to the Dow 30 in mid-March. The tech giant will replace AT&T.

 

It's honestly hard to tell who's getting the most out of this deal.

The Dow Jones announced it will welcome a new company into its group of 30. For many, this news has been expected for some time. Apple's seven-way split of its stock last summer brought almost immediate speculation on joining the prestigious stock market index.

"Do you think this is because they want to end up on the Dow?" International Business Times' Jessica Menton asked in June 2014. "I'm not sure about the Dow. I suppose there may be some ambition there about ending up on the Dow," Cuttone & Company's Senior VP Keith Bliss answered. The inclusion on the Dow as one of the 30 companies representing the U.S economy was considered next to impossible back when Apple's stock price was such an outlier at roughly $700. As one financial adviser told Bloomberg : "The Dow is supposed to be the dominant companies in each different sector of the economy and I don't think anybody can argue that Apple isn't by far the dominator in the phone sector. The digital age is taking over." The company it's effectively kicking out? "But when one comes in, one has to go. And this time, it is AT&T. It is out,"

CNBC's anchor said. The decision to drop AT&T surprised many, considering the telecom giant has been on and off the Dow for nearly a century. Plus, the company's rival Verizon will stay. But the allure of adding Apple is undeniable.

 

More Stocks, Stock Market & Investing News ...

 

"Dow Adds Apple, but Who Benefits More?