By Jonathan GivensPublished August 10, 2017 06:59:00It looks like the most realistic, detailed 3D model of the US drone strikes in Yemen has been made by a team of 3D modelling software specialists at the University of Toronto.3D modeling of a US drone in Yemen, published on GithubThis drone model, released by a 3D simulation firm called elgatos software, uses 3D software to create a model of a si...
Apple stock dropped to a new record low Thursday as investors continued to worry about the health of the company’s financial health.
Apple stock has plummeted more than 100% over the past decade, and analysts believe the company will have to pay off the roughly $1.3 billion in debt it has accrued in order to stay afloat.
The company is facing mounting legal and accounting problems that could see it unable to pay back its $182 billion in outstanding debt.
The financial woes of the Cupertino company have been highlighted repeatedly over the years by Wall Street analysts and investors, who have been urging the company to release its $3.3 trillion in unsecured debt.
Apple CEO Tim Cook has repeatedly said the company is “fiercely committed” to paying back its debt, but some analysts say he has not been sufficiently transparent with investors about the company.
The stock has been trading at about $120 a share since late last year, when Cook announced the company would be releasing an $8 billion “mini-bond” that would allow Apple to release $2 billion of cash to help pay off its debt.
The bond would pay out interest over the next 10 years, and the company hopes to use it to help cover its capital expenditures.
The $2.5 billion bond, which was released by the end of November, was the second bond issued by Apple this year.
The company also has a $4 billion $20 billion stock offering, with the first being approved in July.
But Apple shares have since fallen further after Cook announced in December that the company had begun to sell off its assets, including its manufacturing plant in China.
The move has triggered a selloff in the stock, which has fallen more than 20% over that time.
Apple is now planning to cut costs and cut back on its research and development efforts, while also investing in its own acquisitions.
Apple has also been struggling to pay its employees in recent months.
The latest batch of layoffs are due to start early next month.
Apple recently hired a new chief financial officer, but the company has not yet released a detailed plan for how it will pay its staff.
The U.S. Securities and Exchange Commission has also stepped in to oversee Apple’s operations, including reviewing its cash and debt payments, and Apple will be required to make public any internal audits it performs.