Fortune:

Having closed at $645.57 Friday, Apple is set to open Monday at $92 a share.

The 7:1 split Apple AAPL -0.28% announced in April takes effect Monday for shareholders of record as of June 2.

The company’s FAQ doesn’t explain why it chose the 7:1 factor. The previous splits — in 1987, 2000 and 2005 — were all 2:1.

Long term, this will be very good for Apple shareholders and undoubtedly the company itself.