Apple plans to spend billions next year to automate certain tasks in its production line.
The company recently revealed in its 10-K filing that it has earmarked $11 billion for capital expenditures for 2014. Out of that amount, around $10.5 billion will go toward product tooling, manufacturing process equipment, and corporate facilities and infrastructure, including information systems hardware, software, and enhancements.
Specifically, much of the spending will be on equipment that can tackle the mass production of iPhones, iPads, and MacBooks, among other devices, Bloomberg reported on Wednesday.
Citing "people with knowledge of the company's manufacturing methods,&… Read more