Apple plans to spend $8 billion on capital investments in fiscal 2012 compared to $4.3 billion in fiscal 2011.
In the coming fiscal year, Apple (AAPL) spending includes $900 million on retail stores, compared to $614 million on retail in the current fiscal year, according to the latest Securities and Exchange Commission filing.
The remainder is for ��product tooling and manufacturing process equipment, and corporate facilities and infrastructure, including information systems hardware, software and enhancements,�� informs Mark Moskowitz and JP Morgan, who writes,
“In our view, the nearly $4 billion increase in capital investments planned for fiscal 2012 points to Apple further cementing its technology, manufacturing, and supply chain competitive competencies. We also believe the increased investments earmarked for retail stores will aid in Apple��s ongoing penetration of China and emerging markets which stand to have a significant, positive impact on the growth profile in coming years.”
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