Braeburn Capital
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This article is outdated. Please update this article to reflect recent events or newly available information. Please see the talk page for more information. (September 2009) |
Braeburn Capital is an asset management company based in Reno, Nevada and a subsidiary of Apple Inc.
History
Apple created the company on April 6, 2006 to better manage its assets and to avoid certain California state taxes[1] and taxes from other US States totaling in millions of dollars.[2]
At the end of 2005, 2006, 2007, and 2008, Apple's cash and short-term investments were valued at US$8.3 billion,[3] US$10.1 billion,[3] US$18.45 billion,[4] and US$24.490 billion,[5] 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.[6]
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.[2]
Name
The name Braeburn refers to a particular cultivar of apple. This is a play on the name of the parent company Apple Inc.[7]
References
- ^ "Apple Takes Its Bankroll To Reno". BusinessWeek. April 5, 2005. http://www.businessweek.com/technology/content/apr2006/tc20060405_452855.htm.
- ^ a b Duhigg, Charles; Kocieniewski, David (April 28, 2012). "How Apple Sidesteps Billions in Global Taxes". The New York Times. http://www.nytimes.com/2012/04/29/business/apples-tax-strategy-aims-at-low-tax-states-and-nations.html.
- ^ a b "SEC 10-K Filing" (PDF). Apple Inc.. December 29, 2006. http://ccbn.10kwizard.com/xml/download.php?repo=tenk&ipage=4566832&format=PDF.
- ^ "SEC Filing". Apple 10Q Filing. U.S. Securities and Exchange Commission. December 29, 2007. http://sec.gov/Archives/edgar/data/320193/000119312508017426/d10q.htm.
- ^ 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. http://www.sec.gov/Archives/edgar/data/320193/000119312509214859/d10k.htm.
- ^ University of Massachusetts Cold Spring Orchard page
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