CHART OF THE DAY: Apple’s Exploding Capital Expenditures (AAPL)
Apple's capital expenditures for the last year were $ 8.3 billion, which is significantly above its rivals, as this chart from Horace Dediu at Asymco shows.
Dediu believes Apple's capex is significantly above its peers because Apple is investing in data centers like Google, and process equipment like Intel. As a result, its quarterly spending is closer to Google plus Intel.
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