Apple Inc.
AAPLpublicConsumer Electronics & Services
Lowest AI CAPEX intensity of Mag7. Apple Intelligence uses Microsoft Azure and Google Cloud rather than building own AI infra. ~$10B CAPEX focused on manufacturing and retail.
2024 CAPEX
$9.8B
YoY 2024 vs 2023
-2.0%
Latest Quarter
$3.0B
Q4'25
2025 Guidance
$500.0B
CAPEX History — Quarterly
Guidance Tracker
US infra 4yr
On Track
“Apple will invest $500 billion in the United States over the next four years, creating 20,000 new jobs.”
Guided: $500.0B
SEC Filings
consumerAIApple Intelligencelow-capexmag7