updated 03:30 pm EDT, Wed April 19, 2006
Apple plans new campus
Apple is planning to build a new 50-acre campus near its present headquarters in Cupertino, California, according to Reuters report. "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. "[Apple] has gone from $6 billion in sales to $20 billion in sales, basically." The new campus, which will take 3-4 years to design and build, will accommodate between 3,000 to 3,500 employees. The company plans on razing the buildings now on the property which is located about one mile away. Jobs addressed the Cupertino City Council members on Tuesday, April 18: "We're pretty thrilled," Jobs told the city council members. "Since we're your largest taxpayer, I thought you might be happy for us."