Apple Computer raises FY06 capital expenditures estimate to $700 million

“Apple Computer Inc. raised its estimate for fiscal year 2006 capital expenditures to $700 million, from its previously reported estimate of $420 million. The company said in its quarterly report filed Friday with the Securities and Exchange Commission that it expects to use about $210 million of the total capital expenditures for 2006 for expanding its retail segment and $265 million for real estate acquisitions, which include its second corporate campus and a new data center,” Kristina Henderson reports for Dow Jones.

“Also, the company said it expects about $225 million of its total capital expenditures for 2006 to be used to support normal replacement of existing capital assets and enhancements to general information technology infrastructure,” Henderson reports.

Full article here.

[Thanks to MacDailyNews Reader “Kevin” for the heads up.]

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16 Comments

  1. The money is for Jobs to build himself glass cube tomb, pay for his Lenin-style embalming, and set up some velvet ropes for tourists to pay their respects when he (god forbid) passes on.

    At least according to ThinkSecret.

  2. “The money is for Jobs to build himself glass cube tomb, pay for his Lenin-style embalming, and set up some velvet ropes for tourists to pay their respects when he (god forbid) passes on.”

    That’s ridiculous. The cube is where the holy grail is going to be hidden, now that everyone’s on to the Louvre. Didn’t you know Steve is head of the Priory of Sion? Why else would he lavish so much attention on that stupid glass box?

  3. At least Apple is investing in infrastructure. Would you rather that Apple follow common U.S. industry practice to dispose of excess money (i.e., hire a crappy CEO with a guaranteed contract and lots of incentives and a golden parachute, watch the market cap go down and then dump the idiot after months or years of decline and after paying said CEO tens or hundreds of millions of dollars)?

    I’ll take the infrastructure, thanks.

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