Filed under: Apple Corporate, Apple Financial
Apple spending like drunken sailor
Apple plans to increase capital spending this year by $280 million dollars. The new campus that they are building certainly is a large factor in the increase, but they are also going to be spending a chunk of change on retail (hey, when are you opening a Philadelphia store, Apple?) as well as replacing equipment and what have you.Apple previously estimated that it would spend $420 million on capital this year, but now thinks $700 million should fit the bill.
[via Macminute]
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