From Wikipedia, the free encyclopedia
Asset management company owned by Apple
Braeburn Capital Inc.
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.
[2]
History
[
edit
]
Apple created the company on October 3, 2005
[1]
to better manage its
assets
and to avoid certain
California state taxes
and
taxes
from other U.S. states totaling in millions of dollars.
[3]
Capital
[
edit
]
Apple's
cash
, and short-term and long-term
investments
Year
|
Value (billion
USD
)
|
2005
|
8.3
|
2006
|
10.1
|
2007
|
18.45
|
2008
|
24.49
|
2009
|
33.99
|
2010
|
51.01
|
2011
|
81.57
|
2012
|
121.25
|
2013
|
146.76
|
2014
|
155.24
|
2015
|
205.67
|
2016
|
237.59
|
2017
|
268.90
|
2018
|
237.10
|
2019
|
205.9
|
2020
|
191.8
|
2021
|
190.5
|
In 2012, Wall Street analysts calculated that Apple could earn up to $45.6 billion in fiscal year 2012, a record for any American business. By national and international diversions of revenues and many other legal methods, Apple stood to save billions of dollars in taxes.
[3]
Name
[
edit
]
The name
Braeburn
refers to a particular
cultivar
of
apple
. This is a play on the name of the parent company
Apple Inc.
[4]
Personnel
[
edit
]
Mick Mulvaney
's brother Theodore "Ted" Mulvaney is portfolio manager for Braeburn Capital.
[5]
References
[
edit
]
- ^
a
b
"Apple Takes Its Bankroll to Reno"
.
Bloomberg.com
.
Bloomberg
. April 5, 2006.
- ^
"Relax: Apple's Reno asset-management office is still here"
.
Reno Rebirth
. March 8, 2013
. Retrieved
August 24,
2013
.
- ^
a
b
Duhigg, Charles
; Kocieniewski, David (April 28, 2012).
"How Apple Sidesteps Billions in Global Taxes"
.
The New York Times
.
- ^
University of Massachusetts Cold Spring Orchard page
Archived
January 12, 2012, at the
Wayback Machine
- ^
"Apple's investment manager wrestles with $120bn problem"
.
The Guardian
. October 26, 2012
. Retrieved
December 9,
2021
.
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