138 Billion Units : Apple's Assets

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It has been popularly reported that Apple has more than $100 billion in cash. The amount is actually $138 billion, and the number doesn't describe cash, but instead the value of assets. Apple actually only has about $10 billion in cash. The rest is expected to be placed, for varying lengths of time, in investments. To understand what this means, we need to define a couple of terms.
When a company makes an investment with its cash reserve, it usually buys what are called marketable securities. Marketable securities are usually broken up into three categories: cash equivalents, short term marketable securities, and long term marketable securities.  more...