Apple continues to use portions of the $65.8 billion it had on hand at the end of the first quarter for “supply chain investments, locking up component resources in an increasingly competitive market,” John Paczkowski reports for AllThingsD.
“According to its latest 10-Q filing, Apple’s purchase commitments rose to $11 billion in the first quarter of 2011, up from $7.9 billion in the fourth quarter of 2010,” Paczkowski reports.
“That’s a 39 percent increase and a record for the March quarter,” Paczkowski reports. “Why the sudden uptick? Two reasons, most likely: The tight supply environment caused by recent calamities in Japan and the expected increases in iPad shipments.”
Read more in the full article here.
MacDailyNews Take: On April 20, 2011, in a conference call with analysts, Apple COO Tim Cook stated that Apple has not had any impact, nor does the company expect any material impact, from the Japan disasters.
[Thanks to MacDailyNews Reader “Fred Mertz” for the heads up.]