Site icon MacTech.com

S&P: Apple ratings unaffected by earnings

Standard & Poor’s announced today that it does not expect Apple’s current earnings weakness to have an impact on the company’s ratings. “Despite flat revenues and a declining income trend over the past four quarters, Apple has maintained cash balances in excess of US$4 billion and a strong balance sheet. Apple’s liquidity provides it with the financial flexibility to weather difficult market conditions and depressed IT spending.”

Exit mobile version