...May 4, 2020 SAN FRANCISCO (S&P Global Ratings) May 4, 2020--S&P Global Ratings today assigned its '##+' issue-level rating to Cupertino, Calif.-based global hardware and services provider Apple Inc.'s senior unsecured notes. The company will use the proceeds for general corporate purposes, including share repurchases, dividends, and repayment of debt. We rate the new notes the same as our long-term issuer credit rating on the company. All of our other ratings on Apple are unchanged. Apple's fiscal second-quarter revenue increased 1% year over year to $58 billion as its non-iPhone segments expanded 9%, including 17% in services and 23% in Wearables, Home and Accessories. iPhone revenues declined by 7% year over year. During the quarter, the COVID-19 pandemic affected Apple's iPhone supply and its products demand in China and elsewhere. The company withdrew its fiscal third-quarter revenue guidance due to a lack of visibility of near-term performance. Apple authorized an additional $50 billion...
