Braeburn Capital
Braeburn Capital is an asset management company based in Reno, Nevada and a subsidiary of Apple Inc. Its offices are located at 6900 S. McCarran Boulevard in Reno.[1]
History
Apple created the company on April 6, 2006 to better manage its assets and to avoid certain California state taxes[2] and taxes from other US States totaling in millions of dollars.[3]
Year | Value (billion USD) |
---|---|
2005 | 8.3 |
2006 | 10.1 |
2007 | 18.45 |
2008 | 24.49 |
2009 | 33.992 |
2011 | 25.95 |
2012 | 29.1 |
At the end of 2005, 2006, 2007, and 2008, Apple's cash and short-term investments were valued at US$8.3 billion,[4] US$10.1 billion,[4] US$18.45 billion,[5] and US$24.490 billion,[6] respectively. As of September 26, 2009, its cash holdings were reported to be US$33.992 billion, increasing to $97 billion at the end of 2011.[7] In October 2012, CNET reported that Braeburn had US$117.2 billion under management, making it "the world's biggest hedge fund." [8]
In 2012, Wall Street analysts calculated that Apple could earn up to $45.6 billion in its current fiscal year 2012, a record for any American business. By national and international diversions of revenues and many other legal methods, Apple stands to save billions of dollars in taxes.[3]
Name
The name Braeburn refers to a particular cultivar of apple. This is a play on the name of the parent company Apple Inc.[9]
References
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ 3.0 3.1 Lua error in package.lua at line 80: module 'strict' not found.
- ↑ 4.0 4.1 Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ University of Massachusetts Cold Spring Orchard page
<templatestyles src="Asbox/styles.css"></templatestyles>