Apple Raise $6.5 Billion Through Corporate Bond
Big news has filtered through today as Apple Raise $6.5 Billion Through Corporate Bond (about £4.3 billion) which is part of the company’s plan to return cash to investors. The bond sale was Apple’s 3rd of it’s kind in the last 3 years but didn’t match the $12 billion Apple raised back in April last year. The plan is for them to return over $130 billion to shareholders by the end of 2015.
Some of these bonds will mature in 5 years, whilst some of the others won’t mature for another 30 years. Experts think the company could increase the amount it returns to investors to as much as $200 billion over the next 3 years.
Apple reported a record quarterly profit for a public company of $18 billion for the 3 months to December 31st, with revenue up almost 30% to $74.6 billion after the launch of the new iPhone 6 and iPhone 6 Plus proved a massive worldwide success.