Stephen Rosenman in Seeking Alpha on Apple’s cash hoard:
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. Message: obey the “Law”.
That’s a crazy amount of money.