I’m not an Apple bear, I’m saying that it’s a bit naive to say that any company will not be negatively affected by a recession that can result in downsizing or layoffs.

DOesn't matter how much cash they have. Ownership will demand cuts if earnings fall.

Vanguard and Blackrock are the largest outside shareholders and are unlikely to take shareholder action. Third is Berkshire Hathaway and while they do weigh in from time to time it's unlikely in this case.