Braeburn Capital


Braeburn Capital

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.cite web |title=Apple Takes Its Bankroll To Reno |publisher=BusinessWeek |date=April 5, 2005|url=http://www.businessweek.com/technology/content/apr2006/tc20060405_452855.htm] At the end of 2005 and 2006, Apple's cash and short-term investments were valued at US$8.3 billion and US$10.1 billion, respectively.cite web |title=SEC 10-K Filing |publisher=Apple Inc. |date= December 29, 2006|url= http://ccbn.10kwizard.com/xml/download.php?repo=tenk&ipage=4566832&format=PDF|format= PDF] As of 29 December 2007, its cash holdings were reported to be US$18.45 billion.cite web |title=SEC Filing |publisher=SEC|work=Apple 10Q Filing |date= December 29, 2007| url= http://sec.gov/Archives/edgar/data/320193/000119312508017426/d10q.htm]

The name Braeburn refers to a particular kind of apple.

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