Until recently, neither has AAPL. Doesn't mean the cash disappeared.

GOOG has 56.52B in cash and short-term investments (as of end of september). It's on GOOG's books but could easily be paid out (either directly or in the form of a share buyback)

The market prices stock accordingly, though. Google reinvesting cash into the business is why their stock is now over $1,000 a share.