I doubt that.
I remember pre covid they reported a liquidity of 700million.
Which is more then CA keeps on hand, but not quiet enough to get close to88 billion like you suggest.
However, this may just be be in USA. I do not remember that much
In October 2020 they reportedly had $192 Billion in cash on hand............
https://www.cnbc.com/2020/10/29/apple-q4-cash-hoard-heres-how-much-apple-has-on-hand.html
In April of 2021 it has $204 Billion.
By May 2021 it still had over $200 Billion.
https://www.yahoo.com/video/15-companies-most-cash-reserves-182708211.html
Where did all that cash go? Democrats?.................