The trading spread of Apple's newly issued US bonds has widened in the secondary market.
On May 7th, Apple Inc. announced that it is considering reshaping its Safari web browser on its devices, due to potential negative impacts from its browser deal with Alphabet Inc. and broader industry changes. Both tech companies issued new bonds in the past two weeks in the high-grade primary market, raising a total of $9.5 billion in new capital. Apple continues to grapple with the unknown effects of tariffs and their impact on future revenues, severely hampering the iPhone manufacturer's performance in the secondary market.
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