Report: Apple to allow shoppers to finalize own in-store purchases

New York City -- Apple will spend $900 million on its stores in fiscal 2012, up from $614 million this year, according to Tech Observer, which cited a new research note from UBS analyst Maynard Um.

The report also said that that Apple plans to give shoppers the ability to complete their own in-store purchases via its iOS application for the iPhone. The new application will apply only to accessories and on-the-shelf items, and not more costly item like the iPhone, iPad, or Macs.

Peter Oppenheimer, Apple’s CFO, said on the company’s most recent earnings call that will open 40 stores in 2012, with 75% of the openings outside the United States.

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