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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 and 2006, Apple's cash and short-term investments were valued at US$8.3 billion and US$10.1 billion, respectively.[2] As of 29 December 2007, its cash holdings were reported to be US$18.45 billion.[3]
The name Braeburn refers to a particular kind of apple.
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