NEW YORK (Standard&Poor's CreditWire) June 6, 2000--Standard&Poor's today raised its senior unsecured debt and corporate credit ratings on Apple Computer Inc. to double-'B' from double-'B'-minus and raised its preliminary senior unsecured rating on the company's shelf registration to double-'B' from double-'B'-minus. All ratings are removed from CreditWatch, where they had been placed with positive implications on May 4, 2000. The ratings upgrade reflects Apple's strong financial profile and consistent revenue growth and profitability. Cupertino, Calif.-based Apple's ratings reflect extremely competitive personal computer (PC) industry conditions and improving global market share. Apple's strategic and business risk profile has benefited from a stable and experienced management team. The company has a good position in the education and desktop
