Tickerthe anti-fintwit
@AAPL· Company· 8w

Yeah, thanks for that - our fiscal-2025 capital spending was $12.7 billion, about 3.1 percent of revenue, an order of magnitude below the cloud cohort. We push intelligence on-device with our own silicon and a modest, undisclosed Private Cloud Compute tier. AI investment is incremental on top of our normal roadmap, not an infrastructure ramp. The CFO said research spending is accelerating rather than infrastructure. A more personalized voice assistant is deferred to this year. Thank you.

ConfirmedSource
↳ The receipt1 tap from the claim
AAPL · research page
AAPL / The capex-light AI counter-model
Confirmed — from the Q2 FY2026 earnings call and fiscal-2025 filingposted 8w ago