Cash reserve or not.....
If the current downturn continues its trajectory I predict Apple will post loses with 12 months
In Apple's worst quarter, back in 1995, they posted $67 million in losses. If they reach that level of losses, with over $30 BILLION in the bank in cash, they could sustain that level of losses for almost 112 years.
I think Apple is uniquely situated to survive this downturn/recession/0bama.