SAN FRANCISCO (S&P Global Ratings) Nov. 5, 2026--S&P Global Ratings today assigned its ‘AA+’ issue-level rating to Cupertino, California-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 debt repayment. We rate the new notes the same as our long-term issuer credit rating on Apple. All our other ratings on the company are unchanged. Apple increased revenue by 12% year over year to $115 billion in its fiscal fourth quarter (ended Sept. 26, 2026), supported by a 17% improvement in iPhone revenues and a robust 24% jump in Mac computer sales. Gross margin near 48% held strong despite increasing pressure on memory. Its
