It was last week that Apple revealed their 10-K report, showing a summary of details of their financial performance and other items that are interesting for this fiscal 2011. An interesting detail is that in that report that is gaining some popularity is something for the future, GigaOM reports on a newer research detail from UBS analyst Maynard Um showing that Apple planned their capital expenditures (CapEx) for their fiscal of 2012, and from the 10-K report:
The Company’s capital expenditures were $4.6 billion during 2011, consisting of approximately $614 million for retail store facilities and $4.0 billion for other capital expenditures, including product tooling and manufacturing process equipment, real estate for the future development of the Company’s second corporate campus, and other corporate facilities and infrastructure.
…
The Company anticipates utilizing approximately $8.0 billion for capital expenditures during 2012, including approximately $900 million for retail store facilities and approximately $7.1 billion for product tooling and manufacturing process equipment, and corporate facilities and infrastructure, including information systems hardware, software and enhancements.
This threw in the 74% increase of their capital expenditures, providing proof of Apple’s own commitment to their retail stores and infrastructure needs, which relates to Apple’s cloud-based initiatives. On the front of retail, Apple has said that it plans to open about forty new retail stores during the fiscal of 2012, and they are also planning on expanding their number of stores that are existing right now, that are way too small to serve the amount of customers wants and needs. Some other needs for their infastructure is a cloud-focused facility like a North Carolina data center where a solar farm is being built by Apple, and their newer corporate campus in Cupertino.
Source: Macrumors.com
A man named Horace Dediu from asymco has looked at this differently in a way that Apple’s CapEx within the context of iOS device sales, saying that sales have been very closely correlated with CapEx around the past number of years. The conclusion Dediu came to was that the whopping increase of the budgeted non-retail CapEx clicks in towards Apple expecting another year of 100% growth for their sales in the iOS devices.
(Thanks to the Daring Fireball)
Previous post
Next post
