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What Apple’s Spending Says About The Rest Of The Tech Industry

It’s perhaps a look at the shape of things to come.

This is, in some ways, a dry talk about Apple and the growth of its capital expenditures as its iOS product lines have exploded. But Horace Dediu is one of the best analysts around, and he makes some points with numbers that are extremely relevant to the shape of the tech industry, particular as the consumer-facing businesses of Microsoft and Google continue to look more and more like Apple — that is, they’re defined by highly integrated products, created balls to bones by one company.

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