Store $$ Commitment Increased

Apple late-filed its fiscal 2006 financial statement with the federal Securities and Exchange Commission (SEC) this morning, taking an $84 million charge related to stock option grants between 1997 and 2002, and revealing more financial information about its Retail segment operation. The company had previously released sales and profit figures for the retail stores. But in this latest filing, Apple revealed that it will substantially increase capital expenditures for the stores during 2007 to $360 million. The company spent $200 million and $132 million on retail capital expenditures during fiscal 2006 and 2005 respectively. Apple tallied its current retail employee staff at 5,787, and said that retail lease commitments now total $887 million, up from $609 million at the end of fiscal 2005. The company’s expense for high-profile stores increased slightly to $33 million, compared to $31 million in 2005. For full financial information, check the Charts & Graphs page.