Apple to shell $11bln into capital expenditure for fiscal 2014

Apple has a budget of $11 billion in capital expenditure for fiscal 2014, which is 57% more than the $ 7 billion iit spent in 2013.

Approximately $550 million of it is budgeted will be spent on retail store facilities, which includes some 30 new stores and remodeling of approximately 20 existing ones.

According to AllThingsD, the rest $10.5 billion is allocated to "other capital expenditures."

The other capital expenditure includes "product tooling and manufacturing process equipment, and corporate facilities and infrastructure, including information systems hardware, software and enhancements."

Apple is continuing to invest in its ability to build certain products and components in-house.