Apple Expects Fiscal 2018 Capital Expenditures of $16 Billion
Apple (NASDAQ: AAPL) only provides outlook for capital expenditures on an annual basis in its 10-K filings. With fiscal 2017 now in the rearview mirror, the Mac maker has now provided investors with its forecast on capital spending for fiscal 2018. The language regarding what this spending will buy remains unchanged, including "product tooling and manufacturing process equipment; data centers; corporate facilities and infrastructure, including information systems hardware, software and enhancements; and retail store facilities."
How much will Apple spend in the year ahead? Spoiler alert: It's a lot.
Image source: Apple.
Source: Fool.com
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