Moody's affirm Apple (AAPL) at AAA; outlook stable

• "Moody's Ratings (Moody's) affirmed Apple Inc.'s (Apple) Aaa senior unsecured rating, the (P)Aaa rating for its senior unsecured medium term notes program, and the Prime-1 rating for its commercial paper program. The ratings outlook is stable."


• "Despite its substantial scale, we expect revenue and operating profit growth in the mid to high single digits over the next 12 to 24 months.


• Apple has a large installed base of devices and users of its services and a premium brand positioning, which drive the company's industry-leading profitability across product categories. 


• Its revenues are highly diversified geographically and across a broad portfolio of products and services.


• Apple is poised to benefit from artificial intelligence (AI) over time as it rolls out new AI features for devices and new AI-enabled applications are developed.


• Apple has a strong track record of competing effectively and offering differentiated products and services leveraging its core strengths in innovation, design, and integration of hardware, software and services.


• The company's silicon design capabilities will further differentiate its products as more compute-intensive applications become pervasive."

20 Nov 2024 - 18:07- Equities- Source: Moody's