“Apple has forecast a 70 percent increase in capital expenditures for the 2010 fiscal year, which one analyst has said could be a sign the Mac maker is investing in ‘strategic new infrastructure,'” Neil Hughes reports for AppleInsider.
“In his latest note to investors Monday, Robert Cihra, analyst with Caris & Company, noted that Apple’s most recent Form 10-K filing with the U.S. Securities and Exchange Commission has called for a major $1.9 billion in capital expenditures during the 2010 fiscal year,” Hughes reports. “That’s well up from the $1.1 billion the company spent in 2009.”
Hughes reports, “‘This year’s 10K added wording for purchases of ‘product tooling and manufacturing process equipment,’ which could imply Apple reversing course to actually build certain products/components in-house,’ Cihra said. ‘Beyond that are signals of Apple investing in massive new data center capacity (e.g., North Carolina) that could support anything from iTunes/iPhone Apps through new ‘cloud computing.””
Read more in the full article here.