Apple Is Growing

Apple's revenue and earnings were the highest ever in the first quarter of fiscal 2006, mainly because of a iPod sales growth of over 200 percent over the year before and a 20 percent growth of Macintosh sales.
The company reported net income of $565 million, on revenue of $5.75 billion. It's clear that Apple is growing, and not only in terms of mind and market share.

"Ever-expanding Apple Computer Inc. has acquired an impressively equipped but never-used data center in Newark for an estimated $45 million to $50 million. The 107,000-square-foot facility, originally conceived for communications company MCI WorldCom before getting mothballed after its 2001 completion, is along Eureka Drive on Newark's western fringe," Brad Berton reports for The Silicon Valley/San Jose Business Journal.

Data centers such as the one in question are typically home to computing, networking and data storage equipment, and are often geared towards assisting in web-based services and transactions. The 'Tier IV' centers, like the Newark facility are the most elaborate, with great levels of redundancy and security, and can often cost as much as $1,200 per square foot to erect and equip. While Apple has declined to discuss the facilities, it is thought that they have paid approximately $450 per foot.

Beside the Newark facility, Apple "also just signed deals for the entire 116,830-square-foot office complex at 10400-10450 Ridgeview Ct. in Cupertino. This includes about 56,315 square feet leased directly from property owner Grosvenor International (represented by Brad Martin and Rich Hardy of Cushman & Wakefield) and 60,515 subleased from IBM (represented by CBRE's Frank Friedrich, Don Lonsinger and Doug Beck)," Brad Berton reports.