“Apple expects to increase its capital expenditures 73 percent year over year in fiscal 2012,” Katie Marsal reports for AppleInsider. “That will bring its projected expenses to $8 billion, significantly higher than the $1.2 billion the company projected back in 2009.”
“UBS analyst Maynard Um believes that a significant chunk of Apple’s spending increase will be related to new construction projects the company is planning,” Marsal reports. “For example, last week it was revealed that the company is planning to build a solar farm across from its massive data center in Maiden, N.C.”
Marsal reports, “Apple’s solar farm will be placed on 171 acres of vacant land on Startown Road. It will power the $1 billion data center that opened earlier this year and helps to power Apple’s online services, including iCloud and iTunes… Another major upcoming project for Apple that Um believes will contribute to increased expenses in 2012 is the company’s new 13,000-employee campus in Cupertino. Work on the campus… is expected to begin in 2012, in preparation for an opening in 2015.”
Read more in the full article here.
[Thanks to MacDailyNews Reader “Lynn Weiler” for the heads up.]