Apple Cash on Hand: Since the recent Apple Inc. (NASDAQ:AAPL) earnings call, a lot of people have been talking about the Cupertino based company’s debt sale. This is particularly true among shareholders, as they are set to take advantage.
With all of this going on, there is a lot of news surrounding the debt sale and what exactly this means. Anybody who is interested in Apple shares and what the future holds, should learn as much as possible about this process.
Fortunately, you don’t have to look far for information. In the tech world, this Apple Inc. (NASDAQ:AAPL) news stories is definitely one of the most popular. At least for the time being.
CNBC tackled this subject with some help from Jon Fortt, a CNBC Business News reporter.
Here is what Fortt had to say, when asked about the debt sale:
“Yes, Goldman Sachs spearheading this bond sale according to our own Kayla Tausche, and Deutsche Bank also rumored to be involved. It is a big deal for Apple in so many ways. On paper, this is a company that needs to borrow money less than arguably any in the world. It has got $149 billion of cash and equivalents on hand, but Apple said just last week that it is going to return an average of $30 billion a year to investors by the end of 2015. And that includes $50 billion in additional funds for stock repurchase and a 15 percent dividend hike.”
Before we move on with a few more points from the segment, Fortt hit the nail on the head when he talked about the fact that Apple Inc. (NASDAQ:AAPL) is definitely not a company that needs to borrow money. After all, the tech giant is always hovering around the top spot as the most valuable company in the world.
Here is a little bit more of what Fortt had to say:
“Apple said in its files today that it plans to use the money for general corporate purposes, which is the safe thing to say. It will be issued as usual in $2,000 denominations, that is common, Microsoft also has the same thing in its debt filing.”
This is all good information from CNBC and Fortt, helping investors and others better understand what the Apple Inc. (NASDAQ:AAPL) debt sale is going to entail.
If you want to watch the video in its entirety, you can do so on the next page: