Most of Apple's "cash" is in various securities. If they follow the typical pattern, the vast majority will be US Treasuries and other sovereign debt. Apple h

Most of Apple's "cash" is in various securities. If they follow the typical pattern, the vast majority will be US Treasuries and other sovereign debt. Apple has "only" $11 bil in cash & short term debt. Of the cash portion, the vast majority (99.9%+) will be in bank accounts. Most money in the world is electronic, not paper :-)