<p>Ratings agency Moody's on Tuesday upgraded Apple Inc's long-term credit rating to 'AAA' with a stable outlook, citing the iPhone maker's "exceptional liquidity" and robust earnings.</p>.<p>With this, Apple joins an elite club of companies including Microsoft and Johnson & Johnson that have been given Moody's highest rating.</p>.<p>"Apple's very strong business profile reflects its substantial operating scale, a large installed base of products and users of its services, strong customer loyalty, and premium brand positioning," Moody's analyst Raj Joshi said in a note.</p>.<p>Apple's fiscal 2021 earnings surged about 65%, while revenue rose 33% on strong demand for its products and services during the pandemic.</p>.<p>Its stock has surged nearly 30% this year, bringing the iPhone maker within spitting distance of becoming the world's first company to cross $3 trillion in market value.</p>.<p>Joshi added that he expects Apple's earnings to grow over the next two to three years.</p>.<p>Moody's, however, said that Apple faces execution risks from short product cycles, the need to adapt to shifting consumer preferences and managing a large and complex supply chain with frequent product upgrades.</p>.<p>In October, Apple said that supply chain issues plaguing the industry had cost it $6 billion in sales and the impact could get even worse during the holiday quarter.</p>.<p><strong>Watch latest videos by DH here:</strong></p>
<p>Ratings agency Moody's on Tuesday upgraded Apple Inc's long-term credit rating to 'AAA' with a stable outlook, citing the iPhone maker's "exceptional liquidity" and robust earnings.</p>.<p>With this, Apple joins an elite club of companies including Microsoft and Johnson & Johnson that have been given Moody's highest rating.</p>.<p>"Apple's very strong business profile reflects its substantial operating scale, a large installed base of products and users of its services, strong customer loyalty, and premium brand positioning," Moody's analyst Raj Joshi said in a note.</p>.<p>Apple's fiscal 2021 earnings surged about 65%, while revenue rose 33% on strong demand for its products and services during the pandemic.</p>.<p>Its stock has surged nearly 30% this year, bringing the iPhone maker within spitting distance of becoming the world's first company to cross $3 trillion in market value.</p>.<p>Joshi added that he expects Apple's earnings to grow over the next two to three years.</p>.<p>Moody's, however, said that Apple faces execution risks from short product cycles, the need to adapt to shifting consumer preferences and managing a large and complex supply chain with frequent product upgrades.</p>.<p>In October, Apple said that supply chain issues plaguing the industry had cost it $6 billion in sales and the impact could get even worse during the holiday quarter.</p>.<p><strong>Watch latest videos by DH here:</strong></p>