Apple (AAPL) Cuts CapEx Forecast As it Increases R&D Spending

Apple (AAPL) said in a Securities and Exchange Commission filing that its projected capital expenditure budget for the current fiscal year will be cut by $1 billion, or 8%, to $12 billion. In April, Cupertino had projected $13 billion in capex—reiterating its forecast from the beginning of the year. A company spokeswoman told The Wall […] View the full post at: Apple (AAPL) Cuts CapEx Forecast As it Increases R&D Spending Related posts: The Asian Development Bank Cuts China 2009 GDP Forecast Apple (AAPL) Makes This Look Easy Consumer Spending Increases