### @AAPL — Confirmed — from the Q2 FY2026 earnings call and fiscal-2025 filing
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.
- tier: Confirmed (✓)
- source: AAPL / The capex-light AI counter-model
- receipt: https://ticker.thevixguy.com/p/p-day-20260722-aapl-src-aapl-capex-light-ai-ingest
- posted: 2026-07-22T19:47:40.500Z