# In the absence of major acquisition, Apple will have \$90 billion in cash by 2012

“Time for four Apple (AAPL) themes and four predictions,” Stephen Rosenman writes for Seeking Alpha.

#1. Apple cash continues its steep parabolic rise: Two years ago, I predicted that Apple’s cash (cash + short/long term investments) would follow an exponential curve. This quarter, Apple’s \$51 billion actually exceeded that expectation. Apple banks most of its gargantuan earnings — no dividends, buybacks, and only relatively small acquisitions (so far). I continue my prediction that Apple follows “Rosenman’s Law”: Cash piles up exponentially along a parabolic curve. Thus, in 2011, the Bank of Apple holds over \$62 billion. In 2012, \$90 billion fill Apple’s coffers.

#2. Apple increases its revenue per device sold: I predict next year Apple will generate over \$700 of revenue per device sold.

#3. The iPad becomes Apple’s second biggest revenue driver

#4. Asia-Pacific and Japan will together make up the majority of Apple sales in 2 years

1. grh

How can it both pile up exponentially AND follow a parabolic curve? I think this is just another example of a mathematically-ignorant prognosticator.

More-generally, it’s one of my pet gripes that repeatedly we are treated to an expert in one field assuming that he is also an expert in mathematics (specifically statistics). Expert-in-this-or-that delights in telling us a fact on which he is qualified to speak followed by a statement that rightly demands input from a mathematician — input that is never sought.

2. grh

How can it both pile up exponentially AND follow a parabolic curve? I think this is just another example of a mathematically-ignorant prognosticator.

More-generally, it’s one of my pet gripes that repeatedly we are treated to an expert in one field assuming that he is also an expert in mathematics (specifically statistics). Expert-in-this-or-that delights in telling us a fact on which he is qualified to speak followed by a statement that rightly demands input from a mathematician — input that is never sought.

3. Macromancer

With that much cash Apple should be developing their own gigabit network and slam down the telcos for good.

4. Macromancer

With that much cash Apple should be developing their own gigabit network and slam down the telcos for good.

5. Since a parabolic curve is exponential, it’s sort of like saying a companies growth is linear and then in another sentence the author says it will be a straight line growth. Not so bad a thing to write, if you ask me

6. Since a parabolic curve is exponential, it’s sort of like saying a companies growth is linear and then in another sentence the author says it will be a straight line growth. Not so bad a thing to write, if you ask me

7. ABQ Peter

parabolas (y= x^2) are not exponential curves (y=e^x); which is it??

8. ABQ Peter

parabolas (y= x^2) are not exponential curves (y=e^x); which is it??

9. Well, we maybe seeing the master plan of Jobs. Save your money and buy the telco of your choice. Then master the studios with content and technology.

Reality- who would really want to be a telco when you are the CEO of Apple. Like a master chief buy a greasy spoon. You will only get your hand dirty!

10. Well, we maybe seeing the master plan of Jobs. Save your money and buy the telco of your choice. Then master the studios with content and technology.

Reality- who would really want to be a telco when you are the CEO of Apple. Like a master chief buy a greasy spoon. You will only get your hand dirty!

11. “”Rosenman’s Law”: Cash piles up exponentially along a parabolic curve.”

Sure as hell doesn’t do so for me!!! What’s the secret? Them as has, gets (as always).

12. “”Rosenman’s Law”: Cash piles up exponentially along a parabolic curve.”

Sure as hell doesn’t do so for me!!! What’s the secret? Them as has, gets (as always).

13. Oh boy, time for the pundits to demand Apple pay a dividend to their shareholders.

14. Oh boy, time for the pundits to demand Apple pay a dividend to their shareholders.

15. Macdoc

Stock Split would nice…but buying Samsung would a good move!!!

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