Where Are These Apple Dollars Going?
This fiscal year, Apple (NAS: AAPL) spent $8.3 billion in capital expenditures, nearly double the $4.3 billion it spent in fiscal 2011. Of that total, approximately $865 million was spent on building up its retail stores, while the majority of it was spent on product tooling and advanced manufacturing processes. Apple now vastly outspends its competitors. Microsoft (NAS: MSFT) spent $2.5 billion in cap ex over the past year, while Google's (NAS: GOOG) bill was $3.2 billion. However, when it comes to research and development expenses, Apple spends much less. Apple's $3.4 billion in R&D was lower than Microsoft's $10 billion and Google's $5.2 billion.
Investing in advanced manufacturing is one thing that makes the iPhone 5 so unique. The introduction of the iPhone 5 is an event Apple investors have been looking forward to for months. The stakes are high and the opportunity is huge, so to help investors understand this epic Apple event, we've just released an exclusive update dedicated to the iPhone 5 launch. By picking up a copy of our premium research report on Apple, you'll learn everything you need to know about the launch, and receive ongoing guidance as key news hits. Claim your copy today by clicking here now.
The article Where Are These Apple Dollars Going? originally appeared on Fool.com.Fool contributor Evan Niu, CFA, owns shares of Apple. The Motley Fool owns shares of Apple, Google, and Microsoft. Motley Fool newsletter services recommend Apple, Google, and Microsoft. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.