Apple launches $14B bond sale

  • Apple (NASDAQ:AAPL) officially launches its six-part $14B debt offering and the longest part is a $1.75B 40-year fixed security with initial price talk at 115-120 over Treasuries.
  • Until 2020, Apple hadn't sold bonds more than once a year since 2017. The tech giant has now tapped the bond market for the third time in about eight months.
  • Apple reportedly wants to take advantage of the current low interest rates and will use the proceeds toward general corporate purposes, including capital allocation through repurchases and dividends.

    Apple fundamentals

    For this year Apple 's (located in Cupertino) revenue will be around 333.38 billion USD. This is according to the average of the analysts' estimates. This is hugely more than 2019's revenue of 274.52 billion USD.

    Historical revenues and results Apple plus estimates 2020

    koersdata Apple

    The analysts expect for 2020 a net profit of 74.73 billion USD. For this year most of the analysts expect a profit per share of 4.44 USD. The price-earnings-ratio equals 30.94.

    Per share the analysts expect a dividend of 85 cents per share. Apple 's dividend yield thus equals 0.62 percent. The average dividend yield of the hardware & equipment companies is a moderate 0.32 percent.

    Recent target prices around 142 USD

    Barclays , RBC Capital Markets and Robert W. Baird recently provided recommendations for the stock.

    Apple 's market capitalization is based on the number of outstanding shares around 2441.82 billion USD. The Apple stock was the past 12 months quite unstable. Since last February the stock is even 70 percent higher. This year the stock price moved between 53 and 145 dollar.

    Price data Apple 2007-2020

    fundamental research apple

    Click here for dividend Apple. On Thursday the stock closed at 137.39 USD.

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