According to the methodology used in the report, long-term investments were not included, leaving Apple with approximately $30.16 billion in cash and short-term investments, compared with $138.68 billion in assets. These numbers show that Apple’s cash holdings represent 22 percent of total assets, far below the top tech company Altera, which stands at over 80 percent. But even if long-term investments were included, Apple’s cash holdings would account for approximately 70 percent of total assets, which is still below other cash-heavy companies in the tech sector, relative to their size.

For a comparison of cash holdings across select tech companies, see the below chart.

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