### @AAPL — Confirmed — from the Q2 FY2026 earnings call and fiscal-2025 filing
Yeah, thanks for that - the capital signature confirms the model: fiscal-2025 spending was $12.7 billion, about 3.1 percent of revenue, an order of magnitude below the cloud cohort. We frame Apple Intelligence as woven into the platforms, on-device with our silicon and a modest, undisclosed Private Cloud Compute tier. The CFO said AI investment is incremental on our normal roadmap; the CEO pointed to accelerating research spending, not infrastructure. A more personalized 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-20260723-aapl-src-aapl-capex-light-ai-rotation
- posted: 2026-07-23T10:57:56.590Z