Apple

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Apple Prepares to Offer Bonds to Fund Share Buybacks

Andrew Orr ·

Apple is preparing a bond offering to raise money for share buybacks so it doesn’t have to dip into its cash hoard. The company hasn’t offered bonds since 2017.

We estimate the net proceeds from sales of the notes will be approximately $ , after deducting underwriting discounts and our offering expenses. We intend to use such net proceeds for general corporate purposes, including repurchases of our common stock and payment of dividends under our program to return capital to shareholders, funding for working capital, capital expenditures, acquisitions and repayment of debt.

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India Just Passed a Law That Will Help Apple

Andrew Orr ·

As part of a new proposal, India said that single-brand retail companies like Apple can open online stores before they set up physical stores in the country.

This would allow Apple, which has yet to set up retail stores in the country, to start selling a range of products through its own online store. Currently, Apple sells its products in India through partnered third-party offline retailers and e-commerce platforms such as Amazon India, Flipkart and Paytm Mall.

India is Apple’s next—and perhaps last—country for big potential growth in the electronics market. Keep a close eye on this relationship in the future. I expect Apple to build data centers and other resources in the country, if they don’t have such things already.

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Emmanuel Macron Says its Crazy That Apple Gets Tax Haven

Andrew Orr ·

French President Emmanuel Macron says it’s crazy that companies like Amazon, Apple, Facebook, and Google get a “permanent tax haven status.”

The reference to ‘tax haven status’ relates to practices used by Apple and others to funnel profits on European sales through Ireland, and then to claim large deductions for R&D costs incurred in the US. There have also been accusations that Apple assigns most of its European profits to a subsidiary which exists only on paper and which pays no taxes anywhere.

Podcast

Apple's ASMR Venture, LOL Samsung, AAPL Buybacks with Charlotte Henry - ACM 520

Bryan Chaffin · · 2 Comments

Apple has posted plenty of “Shot on iPhone”: videos, but four new ASMR videos mark the first time where the content is more about the experience than it is about the device that made it. Bryan Chaffin is joined by guest-host Charlotte Henry to discuss it. They also talk about Samsun’s lame decision to pull an old ad from its YouTube channel that mocked an Apple move that Samsung is following today. So lame. They also look at Apple’s gargantuan effort to buy $24 billion of its own stock in just the June quarter.

Cool Stuff Found

How to Apply for Apple Card [Video]

Bryan Chaffin ·

Apple has published a video called Apple Card — How to apply. It shows the simple steps needed to apply for the company’s new credit card, which is being rolled out to a limited number of customers starting today. The entire process is handled through the Wallet app in iOS 12.4. The video skips over the approval wait, but an early-access user at TechCrunch wrote that it takes a minute or two. Some of the information you have to fill out is also autofilled from your Apple ID information.