05.05.2020 Apple Daily Analysis

05.05.2020 Apple Daily Analysis

Apple today is trading at $293.16, it went up with $4.09 mainly because  Apple on yesterday capitalized on the Federal Reserve's emergency measures in response to the coronavirus outbreak to issue its cheapest bonds in years, making it the latest blue-chip company to do so to fund stock buybacks and dividends. Apple's offering illustrates how companies with the best credit ratings are boosting shareholder returns by tapping cheap debt made available through the Fed's backstopping of the credit markets. More so, Apple and Google yesterday announced that they will ban the use of location tracking apps in favor of the new contact tracing system that the two are building to help slow the spread of novel coronavirus. The two companies have been working together to create a system for notifying people who have been near others who have tested positive for coronavirus and they pointed out that they will only allow public health authorities to use the technology. Apple and Google made sure to prevent governments from using the system to compile data on citizens. Their new system uses Bluetooth signals from phones to detect encounters and does not use or store GPS location data. Apple and Google announced that they will allow only one app per country to use the contact system, to avoid fragmentation, and encourage wider adoption. The companies said they would, however, support countries that opt for a state or regional approach, and that U.S. states will be allowed to use the system.