Despite having US$145 billion in the bank, Apple has decided to reach out to the debt market to offer $17 billion in bonds in order to pay money back to investors. Why would Apple need to go to such lengths and what does it mean to investors? We answer your questions.
Apple's share price has declined to $US392.05, wiping 44.16 per cent or $US310.05 of the value of each AAPL share since September 2012 (the stock closed at $US702.10 on September 19), and dropping to its lowest level since December 2011. In the first quarter of the year Apple was one of the worst performers of the S&P 500 in what is being described as a crisis among investors.
New Apple law means execs and directors must hold stock equating to three, five times their salary.
Last week two analysts predicted that Apple's shares could hit $1,001. Now an analyst has raised that figure to $1,200 based on sales of iPhones and iPads. However, where the other analysts specified that the $1,001 mark would be broken within 12 months, O'Gorman hasn't specified a time frame.
HP CEO Meg Whitman expects Apple to take over as the world's number one PC maker in 2012 but thinks her own company will bounce back in 2013.