Apple Doubles Capital Expenditures and Looks at Big Data

Apple (NASDAQ:AAPL) appears to be expanding its data center capacity, after a 10-K filing in October disclosed capex plans for 2012 at $8 billion against the 2011 amount of $4.6 billion. It seems that some of the increased outlay may go toward building a large server facility in Oregon, a stone’s throw from Facebook’s server farm.

Apple would also be in the company of Google (NASDAQ:GOOG) and Amazon (NASDAQ:AMZN) who have built data centers in Oregon to take advantage of its mild weather, low power tariffs and lucrative tax incentives.

Earlier this year, Apple unveiled a giant data center in North Carolina prior to launching its iCloud service. Apple is likely to grow its data center capacity in order to cater to its iTunes music service and the newly-launched iCloud service.

Though Apple did not comment on a query regarding these plans, a team from the company was on an inspection of Facebook’s Prineville facility last summer.

Here’s how these stocks are trading:

Apple Inc. (NASDAQ:AAPL): AAPL shares recently traded at $391.08, down $1.93, or 0.49%. They have traded in a 52-week range of $310.50 to $426.70. Volume today was 6,801,981 shares versus a 3-month average volume of 19,210,000 shares. The company’s trailing P/E is 14.13, while trailing earnings are $27.68 per share.

Amazon.com Inc. (NASDAQ:AMZN): AMZN shares recently traded at $191.29, down $4.95, or 2.52%. They have traded in a 52-week range of $160.59 to $246.71. Volume today was 3,665,481 shares versus a 3-month average volume of 7,042,280 shares. The company’s trailing P/E is 100.84, while trailing earnings are $1.90 per share.

Google Inc. (NASDAQ:GOOG): GOOG shares recently traded at $622.77, down $2.88, or 0.46%. They have traded in a 52-week range of $473.02 to $642.96. Volume today was 1,436,558 shares versus a 3-month average volume of 3,159,890 shares. The company’s trailing P/E is 21.23, while trailing earnings are $29.34 per share.

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