Apple has $250B in cash, and another 5B doesn't make sense (other than the fact that interest rates are low). In it's SEC filling it said that the money will be used to buy back shares if necessary or to pay dividends. However, the real reason (what I've read) is to use Euros (from the debt) to buy treasuries after converting it to USD. And profit from euros will be used to pay off the debt. All in all it's a USD hedge. Also, they don't have to pay taxes after converting to dollars.
Submitted May 18, 2017 at 09:23AM by naelshahbaz http://ift.tt/2qwWrpT
