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Apple Sells Bonds

RENEE MONTAGNE, HOST:

NPR's business news starts with a scramble for Apple bonds.

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MONTAGNE: Apple, yesterday, sold $17 billion worth of bonds - which is a new industry record. Apple issued the bonds to take advantage of low interest rates as it prepares to make a payout of $100 billion to shareholders by 2015. Transcript provided by NPR, Copyright NPR.

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  • Apple says it will pay out $100 billion to its shareholders in stock buy backs and increased dividends by the end of 2015. On Tuesday, the company announced its first profit decline in a decade. Slowing sales of the Apple iPhone are blamed for the disappointing profit results.
  • Investors have cooled on the once high-flying tech leader, and its share price has plummeted in recent months.