“Apple’s manufacturing and component purchase commitments reached a record $15.4 billion last quarter, leading one analyst to tell investors on Monday that Apple is gearing up for a blockbuster fall with the launch of an ‘iPhone 6’ and rumored ‘iWatch,'” Neil Hughes reports for AppleInsider.
“Amit Daryanani of RBC Capital Markets noted in a research note provided to AppleInsider that Apple’s manufacturing and component costs were up 18.5 percent year over year in the June quarter,” Hughes reports. “In addition, Apple will spend another $5.6 billion on other obligations such as tooling, capital assets, advertising, and research and development, representing a huge 300 percent year over year increase.”
Hughes reports, “With Apple spending more money than ever on tooling ahead of this fall’s anticipated product launches, Daryanani speculates that the company is spending ahead of the debut of not only its next-generation iPhone, but also a new product category that he believes could be the long-rumored ‘iWatch.'”
Read more in the full article here.
[Thanks to MacDailyNews Reader “Fred Mertz” for the heads up.]