New apps indicated in iTunes on mac - what does this mean?

I am using iTunes 10.7 on a Mac running 10.8.2 Mountain Lion and sync with my iPad 3 running iOS 6.0.1.
I have 770 apps of which about 500 are ON THE iPAD and another 270 are in the purchased but not on iPad section on the cloud I guess.
All apps are up-to-date.
BUT when I go to to iTunes on my Mac, when I look in the sidebar I see next to Apps a gray oval with the number 107 in it.  Now I have a similar gray oval (there is a special name for this "gray oval"…) for other things, like Podcasts or TV Shows.  I know the number in those gray ovals means "Unwatched" and it is correct-- any Podcasts which I have downloaded or TV Shows which I have that I HAVE NOT WATCHED are so indicated.
BUT what does the number mean for APPS??  Someone told me it may mean "APPS THAT NEED UPDATES" - but ALL my Apps on my iPad 3are up-to-date and this syncs regularly with my iPad---
So what in the world is this number 107 indicating and how to get rid of it or what action to take to respond to it?
Thanks for any comments.
Best regards,
Steve Schulte
Saturday 8 December 2012

Thanks for the feedback! From your reply I think I may understand this better: I have downloaded 700+ apps and deleted over 200 of them.  I show 116 in my iTunes that "have an update available" - but I believe these are all apps that I deleted, so they have NOT been updated on my iPad as they are no longer on the iPad.  (But iTunes keeps essentially all versions on my Mac it seems).
OK why not just hit "update" for the 116 apps?  Because I have 2 that I downgraded intentionally - and don't want to take the chance that ZITE 1.3.3 or Bloomberg version 1.x are replaced by the (in my opinion) poor upgrades.
I will try to reinstall a few of the "deleted" apps, then see if they have upgrades.  If so I will do that and then see if this syncs to iTunes and thereby reduces the number of upgrades-- well indeed I'll look for the specific apps I have re-installed and upgraded!  Then I'll report back here.
Thanks again,
Steve--

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