...February 1, 2021 SAN FRANCISCO (S&P Global Ratings) Feb. 1, 2021--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 due 2026, 2028, 2031, 2041, 2051, and 2061 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. All of our other ratings on Apple are unchanged. Apple's fiscal first-quarter revenue increased 21% year over year to $111 billion, with iPhone revenue growth of 17% because of strong product launches. Mac sales were up 21% year over year and iPad sales up 41% on strength in remote working and learning. The Wearables, Home, and Accessories segment was up 30% and Services up 24%, both remaining on their solid growth trajectories. We believe Apple will maintain its target of a net cash-neutral position over time. Cash and investments...
