Why is Apple borrowing when it has over $100 billion in cash?
Apple is planning to sell bonds to raise $6.5 billion. But they have $178 billion in cash and marketable securities. But they need to raise more cash because most of the $178 B is overseas and US tax policy makes them want to keep it there. The US has the highest corporate taxes in the world!
Apple cannot use the cash it has to best conduct their business with it “captive” overseas. One use of the cash raised will be to pay a larger dividend - to reward its investors.
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