Braeburn Capital
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Braeburn Capital is an asset management company based in Reno, Nevada and a subsidiary of Apple Inc. Apple created the company on April 6, 2006 to better manage its assets and to avoid certain California state taxes.[1] At the end of 2005, 2006, 2007, and 2008 Apple's cash and short-term investments were valued at US$8.3 billion,[2] US$10.1 billion,[2] US$18.45 billion, [3] and US$24.490 billion.[4] respectively. As of September 26, 2009, its cash holdings were reported to be US$33.992 billion.[5]
The name Braeburn refers to a particular kind of apple.
References
- ^ "Apple Takes Its Bankroll To Reno". BusinessWeek. April 5, 2005.
- ^ a b "SEC 10-K Filing" (PDF). Apple Inc. December 29, 2006.
- ^ "SEC Filing". Apple 10Q Filing. U.S. Securities and Exchange Commission. December 29, 2007.
- ^ http://google.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=6227652-256888-260899&type=sect&TabIndex=2&companyid=2035&ppu=%252fdefault.aspx%253fsym%253dAAPL
- ^ "SEC 10-K Filing". Apple Inc. October 27, 2009.
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