Most recent quarter saw $3.46bn in capital expenditures.
Apple is planning to increase its investment in AI infrastructure.
During the company's Q3 2025 earnings call, CEO Tim Cook and CFO Kevan Parekh told analysts that they expect capex to grow "substantially."
The spending will, in a large part, be driven by the company's focus on AI, with Parekh stating that this will see the company investing in its "Private Cloud Compute" - aka, Apple servers, and first-party data centers. He added that the company maintains a hybrid strategy, however, and continues to leverage third-party infrastructure.
Capex for the quarter ending in June was $3.46bn, up from $2.15bn in the same period in 2024.
CEO Cook said that Apple had increased spending in the most recent quarter, and the company will do this "again in the September quarter," but that he was unwilling to put specific numbers behind it.
Cook said: "We are also reallocating a fair number of people to focus on AI features within the company that are, you know, we have great, great team, and we’re we’re putting all of our energy behind it."
The company is aiming to integrate AI features across its platforms in a way that is "deeply personal, private, and seamless." Cook said of the company's capabilities: "Apple Silicon is at the heart of all of these experiences, enabling powerful Apple intelligence features to run directly on device. For more advanced tasks, our servers, also powered by Apple Silicon, deliver even greater capabilities while preserving user privacy through our private cloud compute architecture."
In December 2024, Apple was reportedly working with Broadcom to develop its first AI-specific server chips, codenamed Baltra. The company has also previously explored using Amazon's Trainium2 chips for AI model pretraining, and published a paper in July 2024 that suggested it was using Google's Tensor Processing Units (TPUs) to train its AI models. In March 2025, reports emerged that Apple was planning to spend up to $1 billion on Nvidia GB300 NVL72 systems.
Apple is known to operate data centers in Mesa, Arizona; Maiden, North Carolina; Reno, Nevada; Prineville, Oregon; Waukee, Iowa; Denmark; and two data centers in China. The company's Environmental Progress Report, published earlier this year, revealed that the data centers had used 2.5 billion kWh (2,500GWh) of power throughout 2024.
