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April 19, 2006

business

Apple plans new 50-acre campus

Posted Apr. 19, ’06, 2:45 PM PT by Cyrus Farivar
Category | Business

Steve Jobs So while everyone was talking about profits, Parallels, and Powerbooks (oh my!), His Steveness attended the Cupertino City Council meeting last night (check the webcast here). There, he said that Apple is planning on expanding to a newer, bigger campus within the city of Cupertino.

Reuters:

“What’s happened at Apple is that our business has basically tripled in the last five or six years,” Jobs said on Tuesday evening at a Cupertino city council meeting, which was recorded and viewable as an archived Webcast.

He said the company “has gone from $6 billion in sales to $20 billion in sales, basically.” Analysts expect Apple to post $20.3 billion in revenue for its fiscal 2006 ending in September, according to Reuters Estimates.

Jobs said it would likely take three to four years to design and build the campus that could accommodate 3,000 to 3,500 employees.

[via MacNN]


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