...May 5, 2025 SAN FRANCISCO (S&P Global Ratings) May 5, 2025--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 from these notes for general corporate purposes, including to fund share repurchases, dividends, and debt repayments. We rate the new notes at the same level as our long-term issuer credit rating on Apple. All of our other ratings on the company are unchanged. Apple increased its revenue by 5% year over year in its fiscal second quarter (ended March 29, 2025) to $95.4 billion. This improvement was supported by a 2% year over year improvement in the company's iPhone revenue and a strong 12% year over year increase in its services revenue. Apple expanded its revenue in all regions except for Greater China, where its revenue fell by 2% year over year. We continue to monitor the impact of tariffs on Apple's business. The company has a significant...
