Effect of inflation/interest rates on companies with large cash reserves?

With the CPI inflation report being released tomorrow, I have begun to wonder how inflation affects companies like Apple. Apple has a large reserve of cash which can be used to fund operating activities, which (I assume) reduces the negative impacts of an interest rate hike.

In addition, inflation is an indicator of consumer spending, which drives Apple's top and bottom line.

I'm using Apple as a proxy for my question, as there are obviously other corporations in similar situations. How would you all expect to see these stocks react to a higher-than-expected inflation report?

Disclaimer: I'm new to the stock market. I apologize in advance for a potentially stupid question.

Submitted February 13, 2018 at 11:15PM by Unitedsc77 http://ift.tt/2o2XbjC