Apple Is Suddenly Spending Billions Of Dollars On Secret Projects



In the quarter ending June 2011, Apple spent less than $1 billion on property, plants, and equipment.

By March 2012, the number had spiked beyond $2 billion, beyond $3 billion, and approached $4 billion.

Horace Dediu thinks that number will zoom past $4 billion in 2013.

Here's a chart he made to show what the spike looks like so far:

Here's the the interesting part about all this massive spending.

No one outside of Apple knows where it's going.


His theory is that Apple, which prefers an "integrated" approach in everything it does, will soon  make more of the components inside its gadgets, like chips.

That would explain why Apple has been so busy hiring former Texas Instruments employees, for example.

The truth is, Apple is a very secret company and it doesn't have to say, specifically, where it's spending that money.

For all we know, it could be building TV set factories.

One thing we know for sure is that Apple is always working on products that would cannibalize its current lineup. 

Maybe Apple is investing billions in a product that could kill the iPhone, like computerized glasses.

More From Business Insider