a new untested management team spending like drunken sailors. captain cook should be the first to walk the plank after earnings for all shareholders to behold.
"Stocks Are Held Hostage #$%$&P 500 CEOs Plan to Cut Capex Spending"
I think this board is bottoming out with this post. Capex and writedown are two different things. Google those terms, learn something. And by the way, that jump in capex was money spent developing the TV.
is that the new iTV on the "drawing board" (production 2014?) with Sharp who is now a "Going Concern" as reported by the wsj last week. WRITE DOWN and charge to next q earnings. "bing" that 303.
seabow these parabolic capex numbers turns the markets stomach into nervous up-chucking nellies. again much easier to hit the sell @ market button with one finger in the mornin rather than having your hand broken @ the close by the banksters.
"Here's another number though, also connected with that supply chain, which could prove far more informative of what's likely to happen with Apple going forward, than short-term movements in device orders, or sharp drops in the share price. That number is $9.4 billion - Apple's capital expenditures for its 2012 financial year (which ended in September). Add in spending on Apple Stores, and that number crosses $10 billion. To put that in perspective, expenditure on infrastructure by this country as a whole in 2011-12 was around $18 billion.
More interestingly, Apple's capex has grown by leaps and bounds in recent years, parallelling its sales of iOS devices. And it expects to spend a similar amount on capex in 2013. The only comparable capex spender is Intel - competitors such as Microsoft, Google or Amazon all have capex spends in the region of $2-4 billion. How does Apple spend all that money?