Apple Inc.'s Senior Unsecured Notes Assigned 'AA+' Rating

SAN FRANCISCO (S&P Global Ratings) July 29, 2021--S&P Global Ratings today assigned its 'AA+' rating to Cupertino, Calif.-based Apple Inc.'s senior unsecured notes due 2028, 2031, 2051 and 2061. The global hardware and services provider 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 third-quarter revenue increased 36% year-over-year to $81 billion, with year-over-year revenue growth in iPhone at 50%, Mac at 16%, iPad at 12%, Wearables, Home and Accessories at 36%, and Services at 33%. Revenue growth was strong across geographies, particularly in Greater China,

...July 29, 2021 SAN FRANCISCO (S&P Global Ratings) July 29, 2021--S&P Global Ratings today assigned its '##+' rating to Cupertino, Calif.-based Apple Inc.'s senior unsecured notes due 2028, 2031, 2051 and 2061. The global hardware and services provider 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 third-quarter revenue increased 36% year-over-year to $81 billion, with year-over-year revenue growth in iPhone at 50%, Mac at 16%, iPad at 12%, Wearables, Home and Accessories at 36%, and Services at 33%. Revenue growth was strong across geographies, particularly in Greater China, where sales increased 58% year-over-year. We believe Apple will maintain its target of a net cash-neutral position over time. Cash and investments totaled $194 billion and debt outstanding was $122 billion...

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