Apple bond sale

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What the Apple (Nasdaq: AAPL) Bond Deal Is Really Telling Us

Nasdaq AAPL

Apple Inc. sold about $12 billion worth of bonds Tuesday, almost exactly one year after it conducted a monster $17 billion bond sale.

But that's a lot of debt to take on when you have $150 billion of cash and marketable securities on your balance sheet and free cash flow of about $40 billion per year.

So why do it?

As odd as it may seem, it's actually all the government's fault...