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Apple has ~66 billion in cash sitting around. A 50bps rate cut costs them houndreds of millions a year.
by blitzar 2y ago
Apple has ~66 billion in cash sitting around. A 50bps rate cut costs them houndreds of millions a year.
- cj 2y agoApple also has $100b of debt, so maybe it's a wash?
- blitzar 2y agoThe debt was issued when rates were very low with fixed coupons as low as 0.375%, only the more recently issued bonds are in the 3-4% range. Nevertheless they are paying fixed rates on their debt and (are likely) recieving floating rates on their cash.