CFO Kevan Parekh said that Apple anticipates “substantial” growth in capex, particularly for investments in AI infrastructure
In sum – what you need to know:
Capex surge for AI buildout – Apple’s capital spending hit $3.46B in Q3 and is expected to rise further, largely due to investment in first-party AI data center infrastructure.
Private Cloud Compute expansion – Apple is scaling up its own servers powered by its own chips to support AI workloads while maintaining some reliance on third-party platforms.
AI hardware and R&D push – The company is exploring diverse chips — including Nvidia GB300, Broadcom’s Baltra, and Google TPUs — to train AI models and expand compute capacity.
Apple is preparing to boost capital expenditures in support of its ambitions in the AI infra field, executives confirmed during the company’s Q3 2025 earnings call.
Apple’s CFO Kevan Parekh said the company anticipates “substantial” growth in capex, particularly for investments in AI infrastructure. These include spending on Apple’s private cloud compute, which consists of proprietary data centers powered by Apple’s chips.
While the company maintains a hybrid infrastructure strategy — leveraging both its own and third-party compute resources — Parekh emphasized that a large share of upcoming investments will go into first-party infrastructure. The U.S. company has already seen a notable capex increase, with $3.46 billion spent in the June 2025 quarter, up from $2.15 billion in Q3 2024.
Meanwhile, CEO Tim Cook added that capital spending would rise again in the September quarter, though he declined to specify exact figures.
“We’re reallocating a fair number of people to focus on AI features,” Cook said, noting that the company is putting its full weight behind efforts to integrate AI across its platforms in a way that is “deeply personal, private, and seamless.”
“Our servers, also powered by Apple Silicon, deliver even greater capabilities while preserving user privacy through our Private Cloud Compute architecture,” Cook explained.
The company’s expanding infrastructure footprint includes data centers in the U.S., China, and Denmark, which collectively consumed 2,500 GWh of power in 2024. The company has also been linked to significant hardware investments, including a potential $1 billion purchase of Nvidia GB300 NVL72 systems and work with Broadcom on custom AI chips.
