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Apple Wows Market With Record $17 Billion Bond Deal

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http://uk.reuters.com/article/2013/04/30/us-apple-debt-idUKBRE93T10B20130430

Apple Inc wowed the debt markets on Tuesday with the largest non-bank bond deal in history, pricing a whopping $17 billion as the U.S. computer giant switches strategy to placate restless shareholders.

Just a week after announcing its first drop in quarterly earnings in a decade, Apple came to market with the massive deal to raise funds for an ambitious program that will return $100 billion in cash to holders of Apple shares.

Sources said investors could barely submit orders fast enough to get in on the deal from Apple, the only major tech company without a single penny of debt on its books.

No doubt the bankers couldn't help themselves in loading up a debtless company with massive debt.

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Agreed. Apple have peaked. They'll be around and popular for a while yet but they'll soon go the way of Microsoft, AOL, HP etc. Google will fall from popularity too. At least they're growing a diverse portfolio in multiple markets tho.

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No doubt the bankers couldn't help themselves in loading up a debtless company with massive debt.

Why didn't they use their savings? :unsure:

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Why didn't they use their savings? :unsure:

Apparently in order to do share buybacks and such, they couldn't repatriate the money (which came from profits) without paying US tax so they are borrowing instead.

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Agreed. Apple have peaked. They'll be around and popular for a while yet but they'll soon go the way of Microsoft, AOL, HP etc. Google will fall from popularity too. At least they're growing a diverse portfolio in multiple markets tho.

the product lifecycle is so short and the innovation seems to be dissappearing could happen very rapidly. Recently i read they had to return millions of below standard units to Foxconn. these may be the rumoured budget iphone. the same phone but with a smaller margin?

this is not advice

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  • 243 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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