Why Apple Is Returning to the Debt Market

The video discusses a company's strategy to sell debt in multiple parts to finance share buybacks, primarily due to the high percentage of cash held offshore, which would incur a significant tax if repatriated. The company benefits from cheap debt to fund buybacks while maintaining cash flow for US operations like R&D and marketing. The timing of debt offerings typically follows earnings announcements, and previous offerings have seen high market demand.

What is the primary reason for the company to sell debt instead of using cash?

Why is the cash that the company has primarily offshore?

What are the implications of repatriating cash for the company?

How does the timing of debt offerings relate to the company's earnings announcements?

What has been the appetite for previous debt offerings by the company?