Apple Anticipates These Capital Expenditures and 3 Hot Stocks Attracting Investor Attention
Apple (NASDAQ:AAPL) reports that it expects to use about $10 billion for capital expenditures next year, including around $850 million for retail store facilities and approximately $9.15 billion for other capital expenditures. This includes product tooling and manufacturing process equipment along with corporate facilities and infrastructure such as information systems software, hardware, and enhancements, all according to a filing. Next year, Apple anticipates the opening of between 30 and 35 new retail stores with around 75 percent located outside of the United States.
Facebook (NASDAQ:FB) is placing the development of a new classified advertising tool, that is tentatively called Marketplace, on the fast track. The tool would serve the same purpose as Craigslist and other similar online services, said inside sources to The Daily.
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AT&T (NYSE:T) and its former merger partner T-Mobile (DTEGY) will jointly repair their damaged networks during the aftermath of the storm, according to the Wall Street Journal. Chief Technology Officer Neville Ray of T-Mobile says that, “We are looking to collaborate more broadly on the restoration effort so that we can bring up complete services in an area in a faster manner than if we were working on our own.”
Nokia Corporation (NYSE:NOK) is not blocking Google from introducing its multi-user features for phones, despite a report which implied that it was being a spoiler for the latest version of Android. Chatter as to why Google is not including multiple account functionality on Android for phones says it’s because Nokia already holds the patent for that capability, but the latter told CNET that it wasn’t the case. Nokia did file for such a patent, but it gave the matter up several years ago.
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