Apple (AAPL) Stock Down, Plans to Sell $1 Billion of 30-Year Bonds in Taiwan
Substance free writing! My favorite kind!
Walk me through your connection, don’t just show it to me. This is one of the oldest tropes in writing: “Walk through, don’t show.”
Seriously, when Apple floats bonds it has everything to do with shifting money where it’s needed. They will pay a smaller percentage on that bond than they would if they just trnsfered a billion out of Tim Cook’s bank account. If it made more sense to cashflow they would. This is probably a purely tax avoidance strategy (or tax minimization if you prefer).
So to my reading, this is Apple being smart, but what do I know? It’s bad, I guess. So the stock goes down.
Wait until the market figures out Apple is going to move to a 3 year cycle on the iPhone. You people are why we can’t have nice things!