Apple has revealed that they have recently bought some new land near to their Cupertino headquarters. The 98-acres of land the company purchased, is the old campus of technology Hewlett Packard owned, who had previously stated that they planned to move out of the area within the next couple of years.
Apple spokesman Steve Dowling said “We now occupy 57 buildings in Cupertino and our campus is bursting at the seams," The new land will allow Apple to expand their current headquarters while building new offices.
According to Cult of Mac website the purchase is believed to have cost Apple in the range of $300 million. Hewlett Packard meanwhile, aim to move many of their workers from the Cupertino area to their Palo Alto headquarters within the next few years.
With the huge growth that Apple has been showing over the last few years, it is unsurprising to see that the company has the need to buy up more of the land around them. Just last month Apple released its financial results for its fiscal 2010 fourth quarter. During that period Apple sold 3.89 million Macs, iPhone sales reached 14.1 million and they also sold 4.19 million iPads.
The company posted record revenue of $20.34 billion and net quarterly profit of $4.31 billion, or $4.64 per diluted share. These results compare to revenue of $12.21 billion and net quarterly profit of $2.53 billion, or $2.77 per diluted share, in the year-ago quarter.
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