|Nov 7, 2012, 12:44 PM||#1|
Did Apple Spend $2 Billion to Bail Out Sharp?
Apple analyst Horace Dediu has dug deep into Apple's 2012 capital expenditures and found some spending, above and beyond what Apple had previously disclosed. He discovered that Apple spent $2.3 billion more than it had forecast on "product tooling, manufacturing process equipment and infrastructure".
However, Apple didn't actually shell out cash for its increase in CapEx, but instead is booking vendor financing. Dediu believes it may have been to bail out Sharp, which was in dire financial straits earlier this year.
Article Link: Did Apple Spend $2 Billion to Bail Out Sharp?
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