Apple, o fruto mais apetecido?
doke Escreveu:E esta queda repentina?
Algumas noticias...ou o quê ?
Se calhar é para formar um H&S invertido.


Novo blog agora com a colaboração do J Alves, Paubo e Zecatreca- http://portugueseteamtraders.blogspot.com/
doke Escreveu:E esta queda repentina?
Algumas noticias...ou o quê ?
Possivelmente esta:
Apple fell to 18% share of smartphone sales in Q1, Gartner says
While Apple increased its iPhone sales year over year, its share of the global smartphone market shrank to 18.2 percent in the first quarter, according to data from Gartner.
Apple fell from its 22.5 percent share a year ago, the new figures released on Tuesday show. Meanwhile, Apple's chief rival Samsung increased its market share from 27.6 percent a year ago to 30.8 percent in the first quarter of 2013.
In fact, Apple was the only company among the top five smartphone vendors to see its share shrink. Third-place LG Electronics grew from 3.4 percent in 2012 to 4.8 percent in 2013, while Huawei Technologies grew to 4.4 percent, and ZTE took a 3.8 percent share.
Success seen by Android handset makers helped Google's mobile platform take a commanding 74.4 percent lion's share of the smartphone market. The iPhone is the only smartphone on which Apple's iOS is available, and so its second-place platform share of 18.2 percent was identical to its hardware market share.
"Apple is faced with the challenge of being increasingly dependent on the replacement market as its addressable market is capped," said Anshul Gupta, principal research analyst at Gartner. "The next two quarters will also be challenging, as there are no new products are expected to be coming before the third quarter of 2013."
In all, global smartphone sales grew from 147 million a year ago to 210 million in the first quarter of 2013. Smartphones accounted for 49.3 percent of all mobile phone sales worldwide, up from 34.8 percent in the first quarter of 2012.
“Feature phones users across the world are either finding their existing phones good enough or are waiting for smartphones prices to drop further, either way the prospect of longer replacement cycles is certainly not a good news for both vendors and carriers looking to move users forward,” Gupta said.
As pessoas são tão ingénuas e tão agarradas aos seus interesses imediatos que um vigarista hábil consegue sempre que um grande número delas se deixe enganar.
Niccolò Machiavelli
http://www.facebook.com/atomez
Niccolò Machiavelli
http://www.facebook.com/atomez
Vamos então ver:
http://www.4-traders.com/APPLE-INC-4849 ... &mots=aapl
Como se vê no gráfico , os os 440/3 , nã aguentaram.
É também fácil vislumbrar um suporte muito relativo, por volta do 430.
Mas o suporte que eu vejo mais forte é por volta dos 420/3.
Se romper, então sim, pode ir novamente aos 390.
Mas ainda há muita água para correr debaixo da ponte...
http://www.4-traders.com/APPLE-INC-4849 ... &mots=aapl
Como se vê no gráfico , os os 440/3 , nã aguentaram.
É também fácil vislumbrar um suporte muito relativo, por volta do 430.
Mas o suporte que eu vejo mais forte é por volta dos 420/3.
Se romper, então sim, pode ir novamente aos 390.
Mas ainda há muita água para correr debaixo da ponte...
- Mensagens: 1094
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- Localização: 16
Green Hawk Escreveu:Penso que foram stops do lado longo. Pelo menos, na análise que tinha feito e na entrada que fiz, a cerca de 458$, coloquei o Stop nos 443$, que era aproximadamente o valor da MM50.
A minha perspectiva seria ultrapassar a barreira dos 465/470 e esses valores passassem a ser um novo suporte. Como não aconteceu e a acção perdeu força nesses valores, a minha nova perspectiva para o médio prazo, passou a ser que a acção volte a cair para valores perto dos mínimos de 390$.
Se o mínimo relativo que atingir, for superior ao anterior, pondero uma nova entrada longa. (Era o que devia ter feito, quando decidi entrar nos 458$)
Não entro curto, porque estou com dúvidas em relação ao bearish a longo prazo da acção. Dá-me ideia, ao olhar para médias que o bearish parece estar a diminuir ou a inverter.
Estou de acordo contigo. Mas no meu caso fechei a posição longa que tinha e arrisquei uma pequena posição curta a 436$. Poderá ser um mesmo uma swing descendente até à zona dos 390$.
Segue a tendência e não te armes em herói ao tentar contrariá-la.
Podes tentar, mas o Mercado é um monstro selvagem que provavelmente te irá engolir.
Podes tentar, mas o Mercado é um monstro selvagem que provavelmente te irá engolir.
Penso que foram stops do lado longo. Pelo menos, na análise que tinha feito e na entrada que fiz, a cerca de 458$, coloquei o Stop nos 443$, que era aproximadamente o valor da MM50.
A minha perspectiva seria ultrapassar a barreira dos 465/470 e esses valores passassem a ser um novo suporte. Como não aconteceu e a acção perdeu força nesses valores, a minha nova perspectiva para o médio prazo, passou a ser que a acção volte a cair para valores perto dos mínimos de 390$.
Se o mínimo relativo que atingir, for superior ao anterior, pondero uma nova entrada longa. (Era o que devia ter feito, quando decidi entrar nos 458$)
Não entro curto, porque estou com dúvidas em relação ao bearish a longo prazo da acção. Dá-me ideia, ao olhar para médias que o bearish parece estar a diminuir ou a inverter.
A minha perspectiva seria ultrapassar a barreira dos 465/470 e esses valores passassem a ser um novo suporte. Como não aconteceu e a acção perdeu força nesses valores, a minha nova perspectiva para o médio prazo, passou a ser que a acção volte a cair para valores perto dos mínimos de 390$.
Se o mínimo relativo que atingir, for superior ao anterior, pondero uma nova entrada longa. (Era o que devia ter feito, quando decidi entrar nos 458$)
Não entro curto, porque estou com dúvidas em relação ao bearish a longo prazo da acção. Dá-me ideia, ao olhar para médias que o bearish parece estar a diminuir ou a inverter.
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Wind power technology is under exploration by Apple
Mark New concept revealed from the patent filing of Apple is harnessing the wind power technology in the different manner than the traditional turbines. Apple patent has illustrated that electricity would be gathered from the wind turbine and then it will be converted to heat energy to be stored in the low heat capacity fluid. It will allow tapping on the required time when the wind dies down.It is pretty technical, but for explaining audience it is wrapped with broad strokes. The designed system will be employing motion of rotor shaft moving against the low heat capacity fluid like mercury or ethanol for generating the heat through friction among the two surfaces. This energy will be then transferred from storage fluid to the working fluid, after boiling to release the steam. With the power of steam, energy is transferred in to usable form.On the other side, Apple’s system works quite differently from the traditional wind power generators. Apple’s system works on the demand bases for uninterrupted and constant supply of power which is significantly important. The reason on why Apple is working over this tech is due to huge power requirement in the data centers. Apple is designing this new system to ensure power failure does not happen in its centers and flawless working can be guaranteed by harnessing the solar, wind and other alternative mode of energy.By the time, Apple has just focus on building the biogas generators and solar farms to facilitate the energy requirement for the data centers of NC and Maiden. Google has recently announced that it has used wind power to meet the energy requirement of one of its data center.Related posts:
http://www.iphone3gsystem.fr/73788/appl ... eneration/
Mark New concept revealed from the patent filing of Apple is harnessing the wind power technology in the different manner than the traditional turbines. Apple patent has illustrated that electricity would be gathered from the wind turbine and then it will be converted to heat energy to be stored in the low heat capacity fluid. It will allow tapping on the required time when the wind dies down.It is pretty technical, but for explaining audience it is wrapped with broad strokes. The designed system will be employing motion of rotor shaft moving against the low heat capacity fluid like mercury or ethanol for generating the heat through friction among the two surfaces. This energy will be then transferred from storage fluid to the working fluid, after boiling to release the steam. With the power of steam, energy is transferred in to usable form.On the other side, Apple’s system works quite differently from the traditional wind power generators. Apple’s system works on the demand bases for uninterrupted and constant supply of power which is significantly important. The reason on why Apple is working over this tech is due to huge power requirement in the data centers. Apple is designing this new system to ensure power failure does not happen in its centers and flawless working can be guaranteed by harnessing the solar, wind and other alternative mode of energy.By the time, Apple has just focus on building the biogas generators and solar farms to facilitate the energy requirement for the data centers of NC and Maiden. Google has recently announced that it has used wind power to meet the energy requirement of one of its data center.Related posts:
http://www.iphone3gsystem.fr/73788/appl ... eneration/
- Mensagens: 4702
- Registado: 14/3/2009 0:19
- Localização: 16
Resistências :
463.58 [46.38, 11.12%] (Close, Pivot máximo em 2013/03/25)
522.41 [105.21, 25.22%] (Close, Pivot mínimo em 2012/05/17)
543.48 [126.28, 30.27%] (Média Móvel 200 dias)
626.98 [209.78, 50.28%] (Close, Pivot máximo em 2012/04/09)
694.86 [277.66, 66.55%] (Close, Pivot máximo em 2012/09/19)
463.58 [46.38, 11.12%] (Close, Pivot máximo em 2013/03/25)
522.41 [105.21, 25.22%] (Close, Pivot mínimo em 2012/05/17)
543.48 [126.28, 30.27%] (Média Móvel 200 dias)
626.98 [209.78, 50.28%] (Close, Pivot máximo em 2012/04/09)
694.86 [277.66, 66.55%] (Close, Pivot máximo em 2012/09/19)
- Mensagens: 1094
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APPLE
Enfim, lá é como cá, quando se poder fugir...que se lixe o Tio Sam, que tambem tem uma divida de uns triliões.
Na realidade foi um golpe de mestre, parecido ao da Jeronimo Martins ao passar-se para a Holanda
Mas não se animem. As yield daquilo parecem muito baixitos dado os juros por lá. Apesar de ser um investimento mais seguro, estou convencido que acções podem render mais que as bond da Apple.
Cá por mim, estou dentro desde que ultrapassou a MM50 (já o tinha feito da outra vez mas voltou a cair abaixo dessa linha e eu fugi!)e entrei hoje num TW call 9108C, strike 380 e maturidade em set 2013 com paridade de 0,010. É para menter o vício!
Abraços
Clinico
Na realidade foi um golpe de mestre, parecido ao da Jeronimo Martins ao passar-se para a Holanda

Mas não se animem. As yield daquilo parecem muito baixitos dado os juros por lá. Apesar de ser um investimento mais seguro, estou convencido que acções podem render mais que as bond da Apple.
Cá por mim, estou dentro desde que ultrapassou a MM50 (já o tinha feito da outra vez mas voltou a cair abaixo dessa linha e eu fugi!)e entrei hoje num TW call 9108C, strike 380 e maturidade em set 2013 com paridade de 0,010. É para menter o vício!

Abraços
Clinico
- Mensagens: 6662
- Registado: 1/6/2003 0:13
Em causa está o financiamento de um programa de recompra de acções próprias, segundo a Moody's Investment.
A Apple evitou o pagamento de até 9,2 mil milhões de dólares (sete mil milhões de euros) com o financiamento de um programa de recompra de açcões próprias no valor de 55 mil milhões de dólares (cerca de 42 mil milhões de euros) através de dívida, em vez de valores que seriam sujeitos a impostos pelo Estado, segundo estimativas da Moody's Investment, citadas pela Bloomberg.
Às taxas actuais, a Apple pagaria cerca de 235 milhões de euros por ano na emissão de 'bond's de 17 mil milhões de dólares (cerca de 13 mil milhões de euros), disse Gerald Granovsky, vice-presidente sénior da Moody’s.
Se os fundos tivessem vindo do capital que a Apple tem em 'offshores' a empresa teria de pagar um imposto de cerca de 35% para repatriar o dinheiro, afirmou o responsável. O que significa que a Apple evitou cerca de sete mil milhões de euros em impostos.
A Apple evitou o pagamento de até 9,2 mil milhões de dólares (sete mil milhões de euros) com o financiamento de um programa de recompra de açcões próprias no valor de 55 mil milhões de dólares (cerca de 42 mil milhões de euros) através de dívida, em vez de valores que seriam sujeitos a impostos pelo Estado, segundo estimativas da Moody's Investment, citadas pela Bloomberg.
Às taxas actuais, a Apple pagaria cerca de 235 milhões de euros por ano na emissão de 'bond's de 17 mil milhões de dólares (cerca de 13 mil milhões de euros), disse Gerald Granovsky, vice-presidente sénior da Moody’s.
Se os fundos tivessem vindo do capital que a Apple tem em 'offshores' a empresa teria de pagar um imposto de cerca de 35% para repatriar o dinheiro, afirmou o responsável. O que significa que a Apple evitou cerca de sete mil milhões de euros em impostos.
- Mensagens: 1094
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"Apple avoids potential $9bn tax bill: “Apple will avoid a potential tax bill of up to $9bn by using the proceeds from its $17bn blockbuster bond issue to pay shareholders rather than bringing back cash from abroad. The technology group would have paid as much as 35 per cent in tax to bring that amount of cash back into the US, according to lawyers and accountants.”
Artigos e estudos: Página repositório dos meus estudos e análises que vou fazendo. Regularmente actualizada. É costume pelo menos mais um estudo por semana. Inclui a análise e acompanhamento das carteiras 4 e 8Fundos.
Portfolio Analyser: Ferramenta para backtests de Fundos e ETFs Europeus
"We don’t need a crystal ball to be successful investors. However, investing as if you have one is almost guaranteed to lead to sub-par results." The Irrelevant Investor
Portfolio Analyser: Ferramenta para backtests de Fundos e ETFs Europeus
"We don’t need a crystal ball to be successful investors. However, investing as if you have one is almost guaranteed to lead to sub-par results." The Irrelevant Investor
Figueiraa1 Escreveu:Atomez Escreveu:ul Escreveu:Novo record , era da Roche com 16 500 000 000 dólares a Apple vai pedir mais apesar de ter debaixo do colchão 145 000 000 000
Para eles é muito bem visto porque mais de metade dos 145B que têm em cash está fora dos States e para os repatriarem pagam um imposto de 35%.
Assim arranjam cash disponível com um custo muito mais baixo usando o cash exterior como colateral.
Se puderes explicar....
Uma empresa com todo esse cash, pede mais porquê? Normalmente só pede quem não tem.
Gostaria ainda de saber como a aaple rentabiliza essa montanha de cash.
Tal como anunciaram na ultima apresentação de resultados, a Apple vai "devolver" $100 B aos acionistas por meio de dividendos e compra de ações até ao final de 2015.
To Satisfy Its Investors, Cash-Rich Apple Borrows Money
As pessoas são tão ingénuas e tão agarradas aos seus interesses imediatos que um vigarista hábil consegue sempre que um grande número delas se deixe enganar.
Niccolò Machiavelli
http://www.facebook.com/atomez
Niccolò Machiavelli
http://www.facebook.com/atomez
apple
boa tarde a todos.
abaixo deixo um gráfico atualizado da apple.
depois de ter cortado ascendentemente a sua downtrend resistence line, que lhe tem servido de resistência desde setembro último, e a realizar bullish divergences com os principais indicadores de momentum, prepara-se agora para atacar, mais uma vez, a importante zona de resistência em torno dos 460-500 pts.
cumprimentos.
rilha.
abaixo deixo um gráfico atualizado da apple.
depois de ter cortado ascendentemente a sua downtrend resistence line, que lhe tem servido de resistência desde setembro último, e a realizar bullish divergences com os principais indicadores de momentum, prepara-se agora para atacar, mais uma vez, a importante zona de resistência em torno dos 460-500 pts.
cumprimentos.
rilha.
- Anexos
-
- aapl - daily chart 30-4-13.png (104.28 KiB) Visualizado 8847 vezes
este post reflete apenas a opinião do autor e não deve ser tido como conselho para a realização de investimentos.
" ... to learn about the market ask the market ... "
Munehisa Homma.
" ... to learn about the market ask the market ... "
Munehisa Homma.

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Rick Lusitano Escreveu:
P.S. Outras empresas dos EUA, também tem os seus biliões no exterior dos EUA, para fugir a carga fiscal dos EUA, (ex: Microsoft, Google).
Bloomberg Escreveu:The data compiled by Bloomberg examined 83 U.S.-based companies that each reported holding more than $4 billion in earnings outside the country indefinitely in one of the past two years.
Bloomberg Escreveu:General Electric Co (GE)
Pfizer Inc.
Microsoft Corp. (MSFT)
Merck & Co.
Johnson & Johnson (JNJ)
International Business Machines Corp.
Apple Inc (AAPL)
Google Inc (GOOG)
Cisco Systems Inc. (CSCO)
Citigroup Inc.
Exxon Mobil Corp (XOM)
Las Vegas Sands Corp (LVS)
General Motors Co (GM)
Bloomberg Escreveu:The incentive to accumulate overseas profits in cash is acute for technology and pharmaceutical companies that generate income from intangible assets such as patents. They can sell the patents to their foreign subsidiaries and then shift them to low-tax jurisdictions and book the profits there.
Fonte:
Offshore Cash Hoard Expands by $183 Billion at Companies (Mar 8, 2013 4:10 PM GMT+0000)
http://www.bloomberg.com/news/2013-03-0 ... anies.html
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Figueiraa1 Escreveu:Rick Lusitano Escreveu:P.S. Outras empresas dos EUA, também tem os seus biliões no exterior dos EUA, para fugir a carga fiscal dos EUA, (ex: Microsoft, Google).
Sabes dizer como esse $ é rentabilizado?
Realmente é uma boa pergunta. Duvido que esteja em certificados de aforro Portugueses.

Essas empresas adquirem outras empresas, para inovar os seus negócios, mas não sei se o dinheiro usado para essas compras é proveniente das contas nos EUA ou do exterior. Vou "investigar"...
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Asset Allocation, Risk Management, Portfolio Management, Wealth Management, Money Management
Rick Lusitano Escreveu:P.S. Outras empresas dos EUA, também tem os seus biliões no exterior dos EUA, para fugir a carga fiscal dos EUA, (ex: Microsoft, Google).
Sabes dizer como esse $ é rentabilizado?
A Woman is the most valuable asset a man will ever own, it's only a shame that some of us only realise that when she is gone..
A Apple tem biliões de USD, mas no exterior dos EUA, devido á carga fiscal nos EUA, não compensa repatria-lo, pois sai mais barato pagar juros em obrigações do que pagar impostos. E dá para abater nos lucros/vendas nos EUA.
Do artigo do Ul:
P.S. Outras empresas dos EUA, também tem os seus biliões no exterior dos EUA, para fugir a carga fiscal dos EUA, (ex: Microsoft, Google).
Do artigo do Ul:
ul Escreveu:Apple has a huge cash stockpile, but much of that cash is overseas. Raising money in the debt market would help Apple avoid the big tax bill that would come from bringing the cash back to the U.S., executives said last week. It also allows the iPhone maker to take advantage of historically low interest rates.
"There is no incentive for them to bring [cash] back with rates at these levels," said Jason Graybill, who oversees $1.2 billion of investment-grade bonds at Carret Asset Management LLC.
ul Escreveu:Apple is sitting on well north of $100 billion in cash, and it's of five companies that hold roughly 25% of the combined free cash in the S&P 500, but it still tapped credit markets to help fund its dividend and buyback program, Emily Chasan reports.
P.S. Outras empresas dos EUA, também tem os seus biliões no exterior dos EUA, para fugir a carga fiscal dos EUA, (ex: Microsoft, Google).
Fundos à la carte:
Finanças e investmentos
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Asset Allocation, Risk Management, Portfolio Management, Wealth Management, Money Management






Portugal, Brasil, Angola, Moçambique, United Kingdom, Ireland (Éire), USA, France, Belgique, Monaco, España, Italia, Deutschland, Österreich, Luxemburg, Schweiz, 中国
Asset Allocation, Risk Management, Portfolio Management, Wealth Management, Money Management
Atomez Escreveu:ul Escreveu:Novo record , era da Roche com 16 500 000 000 dólares a Apple vai pedir mais apesar de ter debaixo do colchão 145 000 000 000
Para eles é muito bem visto porque mais de metade dos 145B que têm em cash está fora dos States e para os repatriarem pagam um imposto de 35%.
Assim arranjam cash disponível com um custo muito mais baixo usando o cash exterior como colateral.
Se puderes explicar....
Uma empresa com todo esse cash, pede mais porquê? Normalmente só pede quem não tem.
Gostaria ainda de saber como a aaple rentabiliza essa montanha de cash.
A Woman is the most valuable asset a man will ever own, it's only a shame that some of us only realise that when she is gone..
ul Escreveu:Novo record , era da Roche com 16 500 000 000 dólares a Apple vai pedir mais apesar de ter debaixo do colchão 145 000 000 000
Para eles é muito bem visto porque mais de metade dos 145B que têm em cash está fora dos States e para os repatriarem pagam um imposto de 35%.
Assim arranjam cash disponível com um custo muito mais baixo usando o cash exterior como colateral.
As pessoas são tão ingénuas e tão agarradas aos seus interesses imediatos que um vigarista hábil consegue sempre que um grande número delas se deixe enganar.
Niccolò Machiavelli
http://www.facebook.com/atomez
Niccolò Machiavelli
http://www.facebook.com/atomez
Novo record , era da Roche com 16 500 000 000 dólares a Apple vai pedir mais apesar de ter debaixo do colchão 145 000 000 000
Apple to Sell $17 Billion in
By KATY BURNE and MIKE CHERNEY
NEW YORK—Apple Inc. AAPL +2.94% offered investors $17 billion worth of bonds Tuesday, according to investors familiar with the deal, a record amount for an investment-grade corporate offering.
Apple is selling $17 billion of bonds, a record amount for a U.S. investment-grade corporate offering. Katy Burne reports on the News Hub. Photo: Getty Images.
An Apple spokesman declined to comment on the timing or specifics of the sale, other than to say the company wants to return $100 billion to shareholders by the end of 2015 and is issuing debt to help fund that plan.
Apple has a huge cash stockpile, but much of that cash is overseas. Raising money in the debt market would help Apple avoid the big tax bill that would come from bringing the cash back to the U.S., executives said last week. It also allows the iPhone maker to take advantage of historically low interest rates.
"There is no incentive for them to bring [cash] back with rates at these levels," said Jason Graybill, who oversees $1.2 billion of investment-grade bonds at Carret Asset Management LLC.
The largest investment-grade bond deal previously sold was a $16.5 billion offering in February 2009 from Roche Holdings Inc. ROG.VX -0.60% The second-largest was a $14.7 billion deal in November 2012 from AbbVie Inc., ABBV +1.81% according to data provider Dealogic.
The only debt associated with Apple previously came nearly 20 years ago, when the company was known as Apple Computer Inc. It sold $300 million of bonds at a 6.5% interest rate in February 1994. That debt was all paid back by 2004.
Related Video
Apple is selling a record $17 billion of bonds. President Obama to name Tom Wheeler to lead the Federal Communications Commission. U.S. widens hunt for offshore tax-shelter accounts. Joanne Po reports. Photo: Getty Images
Apple is sitting on well north of $100 billion in cash, and it's of five companies that hold roughly 25% of the combined free cash in the S&P 500, but it still tapped credit markets to help fund its dividend and buyback program, Emily Chasan reports.
Apple Inc. has so far downplayed the notion that it needs to make an iPhone with a larger screen, but a growing number of analysts appear to be banking on the company doing just that. MarketWatch's Dan Gallagher looks at whether we can expect a 5-inch iPhone this year. (Photo: Getty Images)
Apple kicked off a series of meetings with large investors Monday to gauge their appetite, the investors familiar with the deal said. Goldman Sachs Group Inc. GS +0.66% and Deutsche Bank AG DBK.XE +6.11% were leading the sale of the offering, which was expected to price late Tuesday.
Underwriters lowered the yields expected for the deal throughout the day Tuesday, suggesting healthy demand from investors.
Other companies this week have also rushed to borrow at the historically cheap levels. On Monday, rates on U.S. Treasury securities, which are tied to the rates for prices of corporate debt, hit their lowest yields this year, at 1.65% on the 10-year note. The yield ticked slightly higher Tuesday, to 1.674%.
"Companies that have very little to no debt can be opportunistic when rates hit new lows, and Apple is doing exactly that," said Carret's Mr. Graybill.
High-quality corporate debt is seeing strong demand, despite its low yields and investors' desire for greater returns after years of very low interest rates.
In the first 17 weeks of 2013, a record $55.2 billion flowed into bond mutual funds and exchange-traded funds that focus on investment-grade corporate debt, according to Thomson Reuters unit Lipper. The previous record was $49.9 billion for the same period in 2010.
In response, companies have issued a record year-to-date amount of high-grade bonds in the U.S., Reuters data show.
Some investors, however, said they expected to pass on the Apple offering, believing the investor attention it had drawn had driven prices too high.
The Apple offering comprises six chunks of debt, according to a regulatory filing from the company that didn't detail pricing. Four chunks of fixed-rate debt were being offered that mature in three, five, 10 and 30 years. Apple was also selling two tranches of floating-rate debt, maturing in three and five years.
The deal was expected to yield about 0.20 percentage point more than comparable Treasurys bonds for the $1.5 billion in three-year fixed-rate bonds, down from expectations of 0.35 point earlier Tuesday; about 0.40 point on the $4 billion in five-year fixed bonds, down from 0.55; about 0.75 point on the $5.5 billion in 10-year bonds, down from 0.90-0.95; and one point on the $3 billion in 30-year bonds, down from guidance of 1.15-1.20, according to investors considering buying the deal.h
Apple to Sell $17 Billion in
By KATY BURNE and MIKE CHERNEY
NEW YORK—Apple Inc. AAPL +2.94% offered investors $17 billion worth of bonds Tuesday, according to investors familiar with the deal, a record amount for an investment-grade corporate offering.
Apple is selling $17 billion of bonds, a record amount for a U.S. investment-grade corporate offering. Katy Burne reports on the News Hub. Photo: Getty Images.
An Apple spokesman declined to comment on the timing or specifics of the sale, other than to say the company wants to return $100 billion to shareholders by the end of 2015 and is issuing debt to help fund that plan.
Apple has a huge cash stockpile, but much of that cash is overseas. Raising money in the debt market would help Apple avoid the big tax bill that would come from bringing the cash back to the U.S., executives said last week. It also allows the iPhone maker to take advantage of historically low interest rates.
"There is no incentive for them to bring [cash] back with rates at these levels," said Jason Graybill, who oversees $1.2 billion of investment-grade bonds at Carret Asset Management LLC.
The largest investment-grade bond deal previously sold was a $16.5 billion offering in February 2009 from Roche Holdings Inc. ROG.VX -0.60% The second-largest was a $14.7 billion deal in November 2012 from AbbVie Inc., ABBV +1.81% according to data provider Dealogic.
The only debt associated with Apple previously came nearly 20 years ago, when the company was known as Apple Computer Inc. It sold $300 million of bonds at a 6.5% interest rate in February 1994. That debt was all paid back by 2004.
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Apple kicked off a series of meetings with large investors Monday to gauge their appetite, the investors familiar with the deal said. Goldman Sachs Group Inc. GS +0.66% and Deutsche Bank AG DBK.XE +6.11% were leading the sale of the offering, which was expected to price late Tuesday.
Underwriters lowered the yields expected for the deal throughout the day Tuesday, suggesting healthy demand from investors.
Other companies this week have also rushed to borrow at the historically cheap levels. On Monday, rates on U.S. Treasury securities, which are tied to the rates for prices of corporate debt, hit their lowest yields this year, at 1.65% on the 10-year note. The yield ticked slightly higher Tuesday, to 1.674%.
"Companies that have very little to no debt can be opportunistic when rates hit new lows, and Apple is doing exactly that," said Carret's Mr. Graybill.
High-quality corporate debt is seeing strong demand, despite its low yields and investors' desire for greater returns after years of very low interest rates.
In the first 17 weeks of 2013, a record $55.2 billion flowed into bond mutual funds and exchange-traded funds that focus on investment-grade corporate debt, according to Thomson Reuters unit Lipper. The previous record was $49.9 billion for the same period in 2010.
In response, companies have issued a record year-to-date amount of high-grade bonds in the U.S., Reuters data show.
Some investors, however, said they expected to pass on the Apple offering, believing the investor attention it had drawn had driven prices too high.
The Apple offering comprises six chunks of debt, according to a regulatory filing from the company that didn't detail pricing. Four chunks of fixed-rate debt were being offered that mature in three, five, 10 and 30 years. Apple was also selling two tranches of floating-rate debt, maturing in three and five years.
The deal was expected to yield about 0.20 percentage point more than comparable Treasurys bonds for the $1.5 billion in three-year fixed-rate bonds, down from expectations of 0.35 point earlier Tuesday; about 0.40 point on the $4 billion in five-year fixed bonds, down from 0.55; about 0.75 point on the $5.5 billion in 10-year bonds, down from 0.90-0.95; and one point on the $3 billion in 30-year bonds, down from guidance of 1.15-1.20, according to investors considering buying the deal.h
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