Apple raises cash in the bond market

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International governments plan to rethink tax rules for the ‘digital age’
International governments plan to rethink tax rules for the ‘digital age’
Photo: Pixabay/Pexels CC

Apple intends to borrow money by issuing corporate bonds. It filed a partial prospectus for these today with the SEC. Though what it intends to spend the money on is a bit of a mystery.

The iPhone maker hasn’t needed to run up any debt since early 2018, when it brought home about $250 billion it had socked away overseas.

Watch Apple’s massive cash hoard pile up in real time

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appleprofit

Apple’s massive pile of cash is about to get even bigger this weekend as the the iPhone 6 triggers an avalanche of new upgrades after shattering Apple’s record for pre-orders in a 24 hour period.

Now you can watch Apple’s wealth grow dollar by dollar in real-time, thanks to U.K.-based payments company WorlPayZinc, which built an interactive graph to show how much money the world’s top tech companies are making in real-time. Apple is by far the most profitable company, as it rakes in nearly $51,000 every 8 seconds.

Check out the interactive graph below: