GigaOM has dug up a research note by Maynard Um who works for UBS. In the note Um took a look at Apple’s recently released 10-K report, specifically looking at Apple’s planned capital expenditures for fiscal 2012. Long story short, Apple is planning to spend a lot of money on retail locations and infrastructure.
In fact, Apple is increasing their capital expenditures by 74%. Again this is mostly in the areas of retail and infrastructure. And of that infrastructure expenditure, most of it seems to be headed towards Apple’s cloud-based initiatives.
As for retail, Apple has long since announced that they will be replacing some of their smaller stores, for larger more iconic buildings due to customer demand. Plus, there are rumors that Apple will be building a solar farm to help power their North Carolina data center, and of course, there is Apple’s new corporate campus on the horizon.
In other words, Apple is digging into their war chest, and will spending some of their cash. Look forward to more stores, and more iCloud offerings in 2012.