updated 09:25 pm EDT, Wed April 19, 2006
Apple chooses Cupertino
Apple this week revealed that it has new plans to build a near 50-acre campus in its hometown of Cupertino, California, despite having to pay much more to do so. Apple CEO Steve Jobs told Cupertino City Council members that the company had searched for other Bay Area-locations due to lack of commercial space in Cupertino, but finally found a solution that would allow the company to stay in its hometown of nearly 30 years. Despite other less expensive options, the company was able to locate and purchase several different properties, which when combined would give them nearly 50-acres to build a new campus. Jobs said that Apple had already acquired the properties; however, it had not started any plans, but hoped to do so in the next few months. Apple hopes to have the campus constructed within 3-4 years, according to Jobs' presentation.
"What's happened at Apple is that our business has basically tripled in the last five or six years," Jobs told City Council members. "We've gone from $6 billion in sales to a $20 billion in sales. And what that's meant is that our headcount in Cupertino has dramatically expanded."
Dressed in his traditional jeans and black turtle neck apparel and presenting in an near-empty auditorium, Jobs said Apple would take down the current buildings and build a more efficient structure as its second campus.
"We're pretty thrilled and I just wanted to tell you about it... I think we've found a way to stay in Cupertino. Since we're your largest tax payer, I thought you may be happy for us. And we'll probably get larger still," Jobs quipped. "We've found something very unexpected. It's going to cost us more than we'd like, but hopefully, in five years we'll have forgotten about that."